Hellaby execs sell down holdings to Bapcor, but one retains stake

Tue, 24 Jan 2017

By Edwin Mitson Jan. 24 (BusinessDesk) - Senior executives at Hellaby Holdings sold down their stakes in the business to suitor Bapcor just days after the independent directors ended months of opposition to the takeover. Just one non-executive director has held onto some of his shares in Hellaby, documents filed with the NZX show. Alan Clarke, Hellaby's chief executive and managing director sold his entire stake of 106,000 shares on Jan. 18 for $381,600. Hellaby's independent directors backed the offer from ASX-listed Bapcor of $3.60...

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