Neptune Marine Services chairman Ross Kennan has sold 400,000 shares on-market to raise $11,600, while non-executive director Rob Scott has raised $5,800 through the on-market sale of 200,000 shares, which they will donate to charity. This completes the sale of 933,333 shares in total held by current and former Neptune Marine directors. The issue of the same amount of shares at 5 cents per share on June 30 2011 pursuant to a non-executive director share plan was in breach of ASX Listing Rule 10.14. Arrangements are being made to donate half the net proceeds of $26,683 to the Cancer Council for breast cancer research, and the other half to the Juvenile Diabetes Research Foundation.
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