Dutton sold 4.85m shares off market at $2 a share back in April 2017. Total consideration $9.7m. Refer to announcement: 10.04.2017 — Change in substantial holding – Banksia Management
Not sure what amount of private equity he provided the business before it was listed but we can all assume he made a nice profit. It will be interesting to see what ASIC do now. It is very clear to everyone reading the announcement yesterday that some people benefited greatly from the FVTPL method.
Ann: FY19 Annual Report (with App 4E), page-33
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