Utilico trims stake in Infratil to 11.8 percent via buyback, on-market sale

Sun, 08 Dec 2013

Dec. 9 (BusinessDesk) - Utilico Investments, a UK investor managed by Infratil director Duncan Saville’s ICM, has reduced its stake in Infratil after participating in the Wellington-based company’s buyback and selling shares on market. Utilico’s holding reduced to 11.8 percent from 13.3 percent after it sold 6.6 million shares in last week’s buyback at $2.38 apiece and sold 5 million shares in March at $2.4015 a share, it said in a substantial security holder notice. The UK firm’s holding was reduced to around 13 percent in 2011 when it sold...

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