- Release Date: 17/09/13 16:13
- Summary: GENERAL: RAK: Directors Compliance On Undertakings To Takeovers Panel
- Price Sensitive: No
- Download Document 1.7KB
RAK 17/09/2013 14:13 GENERAL REL: 1413 HRS Rakon Limited GENERAL: RAK: Directors Compliance On Undertakings To Takeovers Panel 17 September 2013 0.52% SHARE SALE BY MANAGING DIRECTOR, BRENT ROBINSON AND EXECUTIVE DIRECTOR, DARREN ROBINSON COMPLETED FOR COMPLIANCE WITH TAKEOVERS CODE Following the announcement of 31 July 2013, Brent Robinson and Darren Robinson have now completed the sale of shares in compliance with the undertakings provided to the Takeovers Panel, arising from an inadvertent breach of the Takeovers Code through share purchases in July 2013. The sale of shares by each were completed through a combination of (1) on-market transfers; and (2) off-market transfers made to two directors of the Board of Rakon Limited as follows: 1. Off-Market transfer by Darren Robinson to Bruce Irvine of 123,062 shares. 2. Off-Market transfer by Brent Robinson to Bruce Irvine of 276,938 shares. 3. Off-Market transfer by Darren Robinson to Mogridge & Associates Limited (controlled by Bryan Mogridge) of 153,876 shares. Full details relating to the transfers are available in the Director's Interest disclosures for each director, as disclosed on 17 September 2013. The sale of the 0.52% of the Company's shares by Brent Robinson and Darren Robinson is solely as a result of a legal requirement rather than any change in their views about the Company's position or prospects. The off-market purchases by Bryan Mogridge and Bruce Irvine reflect the confidence of each in the Company's current position and prospects and are a signal to investors of their continued commitment to the Company. ends- Contact: Brent Robinson Rakon (09) 571 9323 www.rakon.com End CA:00241224 For:RAK Type:GENERAL Time:2013-09-17 14:13:35
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Last
75.0¢ |
Change
0.000(0.00%) |
Mkt cap ! n/a |
Open | High | Low | Value | Volume |
75.0¢ | 75.0¢ | 74.0¢ | $5.934K | 7.989K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
0 | 173 | 74.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
75.0¢ | 20000 | 0 |
Last trade - 13.00pm 30/08/2024 (20 minute delay) ? |
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