RESEND: Hill family sells down stake in Michael Hill for A$25.6M to 'enhance liquidity' on ASX

Thu, 13 Oct 2016

RESEND: corrects typo in headline By Sophie Boot Oct. 14 (BusinessDesk) - The Hill family trust has sold down a tenth of its stake in Michael Hill International, in a move its founder and namesake Michael Hill says will enhance the stock's liquidity following its listing on the Australian stock exchange. The trust, Hoglett Hamlet, sold 16 million shares to a number of unrelated parties for A$25.6 million. It had owned 164.3 million shares, or 42.9 percent of the jewellery chain, and now holds 38.9 percent. "Since the move of Michae...

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