Independence exec sells $771k of shares

Independence Group executive director Kelly Ross has sold $771,757 worth of shares, with funds from the sale to go to the tax man after the conversion of some options.

In a notice to the Australian stock exchange sold 350,000 Independence shares at around $2.20 each.

Ms Kelly told WA Business News that the sale was due to a tax payment on some options she converted at $8.50 each last year.

Shares in Independence closed up one cent to $2.24 today.