Myer stake in pre-market crossing; Blue Ocean on ticket Anthony...

Myer stake in pre-market crossing; Blue Ocean on ticket
Anthony Macdonald, Sarah Thompson and Kanika Sood
Aug 4, 2022 – 9.46am
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A parcel of 19.2 million Myer shares changed hands in a pre-market crossing on Thursday, with fingers pointing to Solomon Lew’s Premier Investments as the buyer.

Solomon Lew. Supplied.
The trade was done at 50¢ a share, a 13.6 premium to the last close of 44¢, implying the buyer was keen.
Fingers were pointing to Solomon Lew’s Premier Investments, which was able to buy more since July 28, when the six-month break imposed by creep provisions expired.
It was handled by Blue Ocean Equities, which Lew has used in the past for Myer shares purchases. The transacted stake represented 2.3 per cent of the company.
It comes after Myer, on July 26, told market it expected full-year sales to be between 12.3 per cent and 12.7 per cent higher to hit up to $2 billion.