White Cliff Minerals chairman buys up company shares
08:30 04 Sep 2018
Shareholders have also recently approved a 50:1 share consolidation.
White Cliff Minerals Ltd (ASX:WCN) has had 15.38 million of its shares purchased by the super fund of executive chairman Michael Langoulant.
Notably, Langoulant paid $46,147 for the shares and completed the purchase off-market.
The action increases his holding in White Cliff to 90.56 million shares.
Yesterday White Cliff also outlined that it had received the necessary shareholder approval for a 50:1 share consolidation.
For example, the 3.84 billlion shares on issue at the end of calendar 2018 will be consolidated into 76.9 million shares.
http://www.*.com.au/companies/news/204078/white-cliff-minerals-chairman-buys-up-company-shares
Open Letter to Management, page-66
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