Milford sells down stake in Wynyard as shares slump

Wed, 28 Sep 2016

By Edwin Mitson Sept. 28 (BusinessDesk) - Milford Asset Management has reduced its holding in crime fighting software company, Wynyard Group, taking its ownership to 5.7 percent from 7.6 percent in December last year. Milford sold 2 million shares in Auckland-based Wynyard on Sept. 26, getting between 21.5 cents and 22 cents a share, NZX and Reuters data shows. It now holds 4.8 percent of Wynyard in its Milford Active Growth Wholesale Fund and 0.9 percent of the company in its Milford NZ Equities Wholesale Fund. Since Milford's previ...

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