Former Peet chair Tony Lennon has sold down his stake in the property developer, cashing out $56 million in his first significant sale since he floated the company in 2004.
Today's board moves wrap includes Mark Hine, Rowan Johnston, Simon Lawson, Dominic Virgara, Jack Fazio, Tony Lennon, Greg Wall, Melissa Holzberger, Peter Bird and Benjamin Donovan.
Peet chairman Tony Lennon plans to retire later this year, bringing an end to one of the longest periods any individual has led a major listed company.
Peet non-executive director Tony Lennon and his family have bought a site that formed part of Prix D'Amour from William and Rose Porteous for $3.75 million.
Our board moves wrap includes Jeremy Robinson, Howie McKibbon, Simon Acomb, Ranko Matic, Vicki Krause, Bob McKinnon, Margaret Kennedy, Michelle Tierney, Greg Wall, and Tony Lennon.
SPECIAL REPORT: The five WA people with the largest holdings in listed companies have earned around $1.5 billion in dividends in the past five years, with Andrew Forrest and Kerry Stokes leading the way. Click through for our list of 50 directors and investors with holdings worth more than $11 billion between them.
A new feature on the Business News web site that tracks the changing wealth of Western Australia's company directors shows Tony Lennon and Peter Cook are among the winners over the past month while Kerry Stokes and Andrew Forrest have gone down.
Peet chairman Tony Lennon has lifted his interest in the land development company to 21.4 per cent after participating in a special placement tied to its takeover of east coast property company CIC
Perth-based property group Peet says it will break new ground with a $76 million all-cash takeover offer for eastern states-based residential development group CIC Australia.
The value of shares held by some of the biggest names in mining have slumped along with the companies they lead, but there are pockets of good news in what has been a tough year on the markets.
