CBL managers, director get $65M payday selling shares at discount as escrow ends

Tue, 04 Apr 2017

By Jonathan Underhill April 5 (BusinessDesk) - CBL Corp's managing director Peter Harris, deputy chair Alistair Hutchison and senior managers have sold 8.5 percent of the company - 20 million shares - after a restriction on their holdings lifted following the release of its full-year results. The shares were sold in a block sale to Australian and New Zealand investors at $3.26/A$3 apiece, the company said in a statement. The shares were halted for the sale, which will generate $65 million. The price is a discount of 8.9 percent to the las...

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