Rakon’s Robinson brothers to sell recently purchases shares after breaching Takeovers Code

Wed, 31 Jul 2013

By Paul McBeth July 31 (BusinessDesk) - Rakon managing director Brent Robinson and his brother and executive director Darren Robinson have agreed to sell some 493,000 recently purchased shares each after the transactions breached the Takeovers Code. This month the brothers each bought $81,539 worth of shares, representing 0.52 percent of the Auckland-based crystal oscillator maker, though in doing do breached the code as they, along with their father, own more than 20 percent of Rakon. The company’s board intends to consider asking for sha...

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