Minres boss nets $41m in sell down
Minres boss nets $41m in sell down"
- Select a language for the TTS:
- UK English Female
- UK English Male
- US English Female
- US English Male
- Australian Female
- Australian Male
- Language selected: (auto detect) - EN
Play all audios:
The West Australian Mineral Resources executive director Chris Ellison has netted $41.4 million in a sell down of his holding in the contractor and mining group he co-founded. A change of
director's interest notice posted on the ASX this morning showed Mr Ellison had sold 3.4 million MinRes shares he indirectly owned worth $41.37 million on the market at an average price
of $12 per share. The sell down reduces his stake in the company to less than 15 per cent (27 million shares). Mr Ellison holds the majority of his stake in MinRes through Sandini Pty Ltd.
He also holds smaller stakes through Wabelo Pty Ltd and Ellison Superannuation Pty Ltd. Mr Ellison is one of WA's richest men with an estimated net worth of about $450 million. MinRes
shares were off four cents to $12.28 in a broadly weaker market. GET THE LATEST NEWS FROM THEWEST.COM.AU IN YOUR INBOX. Sign up for our emails
Trending News
Stay long stocks through taper: StrategistThe Federal Reserve's reduction of asset purchases will signal a stronger economy, which will be good for stocks, Common...
Mark Zuckerberg, In Interview With Anthony Fauci, Criticizes Trump Administration’s Coronavirus ResponseAnthony Fauci may have been sidelined from TV interviews but he’s still doing online conversations along with print piec...
Is Applying Online for a Credit Card Safe?Facebook Twitter LinkedIn Q. Is it safe to apply for a credit card online? I want to get a card from a specific bank but...
2017 AARP Community Challenge - Buffalo, New York3:25 AARP Videos 2017 AARP Community Challenge - Buffalo, New York Creating a community place from a vacant space Show D...
Joe Biden’s Press Conference Drew 24.2 Million, Nielsen Says — UpdateJoe Biden at his press conference on Friday.SAUL LOEB/AFP via Getty Images UPDATED: Nielsen said that an estimated 24.2 ...
Latests News
Minres boss nets $41m in sell downThe West Australian Mineral Resources executive director Chris Ellison has netted $41.4 million in a sell down of his ho...
ABC faces suit over idea for ‘Inventor’By Meg James Oct. 23, 2007 12 AM PT Share via Close extra sharing options Email Facebook X LinkedIn Threads Reddit Whats...
Spare fare is fine by them - Los Angeles TimesThey weren’t handing out energy drinks, offering massages or directing evacuees to self-help classes Thursday at the Nat...
Israel moves closer to phasing out Australian live sheep and cattle importsMichelle Grattan ne travaille pas, ne conseille pas, ne possède pas de parts, ne reçoit pas de fonds d'une organisation ...
Step away from the giant cookie!Last WEEK I installed the Halloween fog machine in the master bedroom, which is where the master sleeps. (But believe me...