Tourism Holdings exec sells down as share price soars

Tue, 10 Jan 2017

By Edwin Mitson Jan. 10 (BusinessDesk) - A senior executive of Tourism Holdings has used its soaring share price to sell down some of her stake in the business, NZX documents show. Catherine Mary Meldrum sold 50,000 shares on Jan. 9 for $188,500, or $3.77 a share, reducing her stake in the business from 131,500 ordinary shares to 81,500 ordinary shares. The value of shares in the Auckland-based business has soared since 2013, when it was trading as low as 68 cents. It closed on Tuesday at $3.88, having recently rejoined the benchmark...

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