Rubicon director Hugh Fletcher uses share slump as buying opportunity

Wed, 27 Jan 2016

By Paul McBeth Jan. 27 (BusinessDesk) - Rubicon director Hugh Fletcher, who once headed up conglomerate Fletcher Challenge before it was broken up, has used the recent slump in the biotech firm's share price to buy stock on market. Fletcher, who chairs the company's Rubicon Share Price committee responsible for decisions by the group to deal in Rubicon shares, bought 60,000 shares at an average price of 22 cents on Jan. 26, according to a notice lodged with the stock exchange. He now owns almost 5.8 million shares, or 1.4 percent of the...

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