The directors of Fremantle-based premium brewer Little World Beverages Ltd, Howard Cearns and Nic Trimboli, have both reduced their interests in the company.
The directors of Fremantle-based premium brewer Little World Beverages Ltd, Howard Cearns and Nic Trimboli, have both reduced their interests in the company.
The directors of Fremantle-based premium brewer Little World Beverages Ltd, Howard Cearns and Nic Trimboli, have both reduced their interests in the company.
On November 17, Mr Cearns reduced his direct interest as trustee for the Cearns Family Trust by 750,000 shares.
The sales were made by on-market trade for a consideration of approximately $1.1 million, reducing his interest from five million shares to 4.25 million shares.
He also holds three million options in the trust and 33,800 ordinary shares indirectly as a director of Braincells Pty Ltd.
Mr Trimboli indirectly sold 200,000 shares worth $300,000 on-market. He directly holds 2.5 million shares and indirectly holds 2.3 million shares and three million options as a director and beneficiary of Eureka Nominees Pty Ltd.
Director Ian Cochrane bought 30,000 shares worth $45,000. He indirectly holds 130,000 shares as a director of Invia Custodian Pty Ltd.
Little World Beverages, the company behind the Little Creatures label, listed at $1 per share in November last year and is now trading at around $1.51 a share, giving it a market capitalisation of just under $90 million.
Little Creatures has its main venue at Fishermen’s Harbour, a facility it plans to expand after looking at other sites in Perth’s hills.
The company recently reached agreement in principle with Fini Group to obtain an extended right to renew the sub-lease over its Fremantle premises until 2042.
The terms and conditions of the existing sub-lease will apply during the extended period.
Meanwhile, non-executive director of portable accommodation builder Fleetwood Corporation Ltd, Stephen Gill, has reduced his direct and indirect interests in the company by 28,000 shares and 35,000 shares respectively. The sales were made on-market for $471,660 on November 28. Mr Gill now holds almost 2.4 million direct and indirect shares.