Which director of an Australian company would pay a premium to purchase shares in his own company? That would be Nicholas Woolf, CFO and VP Corporate Development for Phylogica.
The Change of Directors Interest Notice released 5:29PM on Friday made for an exciting start to the weekend. Woolf disclosed that he acquired 524500 shares at 8 cents, approved by shareholders at the recent AGM. Presumably, he was unable to buy on market around 5c due to the sensitivities of ongoing negotiations.
Woolf has paid a premium in excess of 50% to approximately double his shareholding - outstanding endorsement of the future for Phylogica.
I listened to the Woolf interview with FNN released last Thursday and studied the body language whenever the word Roche was mentioned. Perhaps it was my imagination but I thought I noticed a glint in his eye.
Which director of an Australian company would pay a premium to...
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Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $606.5M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 12.5¢ | $17.86K | 137.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1081168 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 505604 | 2 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| PYC (ASX) Chart |