Automotive Holdings Group managing director Bronte Howson has acquired 843,882 shares at no cost as a result of the vesting of performance shares under a long-term incentive plan, after the car dealer network achieved a 94th percentile ranking in shareholder returns over the past three years. Mr Howson then sold 800,000 shares on-market to raise $2.4 million, leaving him with a stake of 5.6 million shares in the company. With AHG shares currently trading at $3.13 each, his resultant stake is valued at $17.6 million.
iiNet chairman Michael Smith has exercised 200,000 options to acquire shares at a cost of $2 each, almost half the stock’s current trading price of $3.95. This increases Mr Smith’s stake in the internet service provider to 270,429 shares, currently worth just over $1 million.
