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Former managing director of iiNet Michael Malone.

Malone stake slips below 5% of iiNet

Internet pioneer Michael Malone has quietly ended another formal link to the ISP he founded and floated, selling more than 1.1 million shares in iiNet to net almost $8.5 million, a move which takes him below the 5 per cent substantial shareholder limit.

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02/03/15
$25k Bought
03/09/14
$23k Bought
03/09/14
$4k Bought
Total value as at the date of the transaction
Source: Morningstar

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