The estate of the late Jeff Hogan has raised $4 million with a further sell down of shares in RCR Tomlinson.
Mr Hogan was a director of RCR Tomlinson and, with nearly 10 per cent of the company, its second biggest shareholder when he died in late 2010.
The recent sell down of about 1.5 per cent of the company takes his estate’s holding down to just below 6 per cent, just above the 5 per cent level required for disclosure as a substantial shareholder.
Mr Hogan founded Positron Group in Kalgoorlie in 1987 and became a director and stakeholder in RCR Tomlinson when it bought his business in 2007 for $43.7 million, about half of which was represented by 10 million shares which he still held when he died.