Babidge sells 4m shares - Sept 2013

SEPTEMBER 14th 2013

Geoffrey Babidge was issued with 10 million partly paid ordinary shares with an issue price of $0.10 in August 2010 under the A2C group’s ownership-based compensation scheme for executives and senior employees. Those shares are currently held by the GHB Investment Trust.

When Geoffrey Babidge relinquished his role as Chief Executive Officer of Freedom Foods Group Limited (“FFG” he forewent the benefit of options in respect of FFG shares. The GHB Investment Trust will use the proceeds of the sale of 4 million fully paid shares to reduce debt and to meet other commitments.

Following the sale the GHB Investment Trust will still hold 6 million A2C shares, of which 5.5 million currently remain subject to transfer restrictions. The trust has indicated that it currently has no intention to sell any of its remaining A2C shares in the foreseeable future.

BAD LUCK FOR THOSE THAT PANICKED ON THAT ONE . Babidge left about $45m on table from that sale

Then again 16th October 2015 - Sells 1m shares. Left about $10m on table for that one

I could go on but not worth the discussion. I'm not a fan of sales by management for obvious reasons but what Jayne has done is not uncommon when changing positions.....

FUNDAMENTALS ARE STILL EXTREMELY POSITIVE...