AWF founder Hull sells $7.25M stake at 7.9 percent discount to boost liquidity

Thu, 30 May 2013

By Paul McBeth May 31 (BusinessDesk) - AWF Group managing director Simon Hull and his family interests have sold down their stake in the contract labour firm at a 7.9 percent discount in a bid to boost liquidity in the stock and attract institutional investors. Hull sold 2.5 million shares at $2.90 apiece, for some $7.25 million, in off-market transactions placed by Craigs Investment Partners, the company said in a statement. The buyers will also be entitled to a 12.2 cents per share dividend if they are still on the register on June 21, wi...

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