The insider selling was covered in the street talk article. From memory, it was the first sell they've done and they indicated they had no intention of selling any more for a year. It's never going to look good to see them sell but it seems logical to sell some at some stage to reduce their personal financial risk.
"The raise was accompanied by a $30.8 million sell down by Behrenbruch and co-founder/director Andreas Kluge.The duo promised not to sell any more Telix stock for 12 months - and investors were reminded it was their first selldown since the company listed."
Ann: Telix completes $175M placement and launches $25M SPP, page-22
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$19.12 |
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