Infratil approves on-market share purchase

Tue, 30 Mar 2021

Infratil has approved the on-market acquisition of $20 million Infratil shares by certain Morrison & Co executives, it said in a release to the NZX.The shares are subject to a lock-up between Morrison & Co and the executives of between 12 and 24 months.Infratil shares last traded at $7.00 and have lifted 78% over the past 12 months.“The participation by Morrison & Co executives in an Infratil share-based retention plan established by Morrison & Co is a vote of confidence in Infratil’s recent performance and demonstra...

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