A2's Babidge sitting on 730% return after settling partly-paid shares worth $4.98 mln

Mon, 27 Jul 2015

By Paul McBeth July 28 (BusinessDesk) - A2 Milk Co managing director Geoff Babidge is sitting on a 730 percent capital gain after settling the outstanding amount due on 6 million partly-paid shares he received five years ago. Babidge received board approval on July 24 to pay up the remaining $594,000 owing on the partly-paid shares that were issued at a price of 10 cents per share in August 2010 as part of his long-term incentive package. At A2's current trading, those shares are worth $4.98 million. Babidge had until Aug. 25 to pay the b...

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