@risso poses an interesting question on shares purchased on...

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    @risso poses an interesting question on shares purchased on behalf of Morrison & co.

    According to the last notice Morrison & Co completes acquisition of Infratil shares they acquired 5M shares on market for $40M under a fixed trading programme. Previous year they acquired 2.6M shares for a total cost of $20M and made reference to disclosures and allocation of shares to individual executives subject to a lock up between 12 and 24 months.

    A check of Directors holdings reveals the following:

    https://hotcopper.com.au/data/attachments/4392/4392228-c1ee175dace7c2b23a0e3949954fc1e7.jpg

    In the Ongoing Disclosure Notices allocating the shares to executives, Morrison Trustee Holdings Limited is recorded as the current registered holder, yet as risso has pointed out, they do not appear in the top 25 shareholders:

    https://hotcopper.com.au/data/attachments/4392/4392243-8fcba5c6159e1281109f07fa63ab6859.jpg

    The Group's Capital Management allows it to purchase its own shares on market from time to time, primarily intended to be held as 'treasury stock'.
    I suspect these purchases through Morrison & Co under a 'fixed trading programme' may be a buy back by Infratil with Morrison & Co the beneficiary pending transfer to executives.
 
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(20min delay)
Last
$9.65
Change
0.130(1.37%)
Mkt cap ! $9.416B
Open High Low Value Volume
$9.50 $9.67 $9.50 $1.265M 131.5K

Buyers (Bids)

No. Vol. Price($)
1 4667 $9.63
 

Sellers (Offers)

Price($) Vol. No.
$9.69 1360 3
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Last trade - 16.10pm 16/06/2025 (20 minute delay) ?
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