DNZ boss Duffy cashes in at share price peak with $1.65M sale

Mon, 10 Dec 2012

By Paul McBeth Dec. 11 (BusinessDesk) - DNZ Property Fund chief executive Paul Duffy sold 9.9 percent of his stake in the property investor worth $1.65 million, cashing in as the share price tests record-highs since listing two years ago. Duffy sold 964,150 shares at an average price of about $1.625 last week, netting him $1.57 million, having sold 50,000 shares for $79,250, or $1.585 a share, in November, according to disclosure statements lodged with the NZX. DNZ shares have traded as high as $1.65 intraday, though the $1.625 price Duffy...

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