Cettire founder Dean Mintz is selling a $60 million stake in the online shopping platform owner on Thursday night.
Cettie founder Dean Mintz. AFR
Mintz had stockbroker Barrenjoey offer 41.1 million shares to fund managers at $1.46 a share.
The offer was at a 13.1 per cent discount to the last close, and represented a 10.1 per cent stake in the company.
The deal was underwritten.
Mintz put the rest of his stock into a voluntary escrow, promising not to sell any more shares until after the release of Cettire’s results for the year ended December 31.
Mintz owned 56.7 per cent of the company prior to the trade.
The broker was calling for bids by 8.30pm on Thursday.
Cettire founder in $60m selldown, Barrenjoey on trade
Cettire founder in $60m selldown, Barrenjoey on trade
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Last
$2.21 |
Change
-0.010(0.45%) |
Mkt cap ! $842.5M | |||
| Open | High | Low | Value | Volume |
| $2.22 | $2.23 | $2.20 | $865.4K | 391.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 11476 | $2.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.22 | 31497 | 31 |
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| Last trade - 11.33am 20/06/2024 (20 minute delay) ? |
| CTT (ASX) Chart |