Augusta MD Mark Francis buys out brother Chris’s stake for $3.8 mln

Mon, 24 Jun 2013

June 25 (BusinessDesk) - Augusta Capital managing director Mark Francis has bought out his brother’s stake in the listed property investor and fund manager for $3.8 million, taking his holding to almost 18 percent. Mark Francis bought 4.5 million shares, or 5.5 percent, of Augusta at 84.5 cents apiece from his brother and general manager Chris Francis, the company said in a statement. The purchase “consolidates Mark’s long term commitment to the company,” it said in a statement. Chris will stay on as GM for another 12 months, before pursuing...

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