Matrix Composites & Engineering chief executive officer Aaron Begley has raised about $3 million by selling 350,000 shares in the manufacturer of specialised engineered products founded by his father. The company said this was part of an effort to increase liquidity in Matrix shares, and noted that the Begley family still retains a 40 per cent ownership stake. The announcement was made a day after Matrix revealed it had secured commitments for $30.2 million from a placement of shares to institutional investors at $8.50 each.
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