Happy to help...
"Mr Neil Hackett, Non-‐executive Chairman of Ardiden Limited (ASX Code: ADV), has advised he has sold 7,000,000 shares in the Company on 18 and 19 April 2016. The shares were sold by his family trustee company in which he has a relevant interest.
Mr Hackett advises that the share sales were required to provide funds to meet taxation commitments and to rebalance investment portfolio. Mr Hackett has not previously sold any shares in the Company since his appointment on 5 June 2012.
Mr Hackett continues to hold an interest in 12,259,845 shares in the Company and has advised that he does not intend to sell any further shares in the near future."
86 million shares were traded between .037 and .045 on 18th April and 67 million between .042 and .05 on 19th April. Directors are entitled to buy and sell shares on market just like everybody else (within the bounds of ASIC/ASX rules). I would have thought it quite sensible of him to sell when the price and market demand was high.
Happy to help... "Mr Neil Hackett, Non-‐executive Chairman of...
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Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.127M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 13.0¢ | $12.20K | 92.40K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 172430 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 990 | 1 |
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| Last trade - 15.31pm 18/10/2024 (20 minute delay) ? |
| ADV (ASX) Chart |