CWE carnegie wave energy limited

Ann: SECONDARY TRADING NOTICE, page-6

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    "The $10.4 million of Carnegie shares will be escrowed such that 50 per cent of them cannot be sold within the first year and the remaining 50% cannot be sold within the first two years."

    The fact that John Davison has come across to take an active part in the new merged business, is a great show of confidence. He could quite easily have taken his share of the sale and moved onto somewhere else.
 
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