SeaDragon directors sell shares after accidentally breaching Takeovers Code

Tue, 26 Jan 2016

By Paul McBeth Jan. 26 (BusinessDesk) - SeaDragon director Stuart Macintosh and former chief executive Ross Keeley sold 7.8 million shares, or 0.2 percent of the company's stock, after they inadvertently breached the Takeovers Code when they acquired stock in last year's rights issue. Macintosh and Keeley told the Nelson-based company they had been required by the Takeovers Panel to sell the shares acquired in last year's rights issue, which breached the Takeovers Code, SeaDragon said in a statement. Keeley, who left the company last yea...

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