James Pascoe increases stake in out-of-favour Warehouse to 6.3%

Tue, 21 Oct 2014

By Jonathan Underhill Oct. 22 (BusinessDesk) - James Pascoe, the retail group owned by David and Anne Norman, has added to its holding in Warehouse Group by buying on market this week, taking advantage of shares trading near their lows for the year. James Pascoe acquired 730,000 shares for a total of $2.26 million yesterday, implying a price of about $3.10 a share. The stock traded at $3.09 on the NZX today. The latest purchase lifts Pascoe's holding to 6.3 percent from the 5.15 percent it disclosed in June, when it first emerged as a sub...

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