Sandfire boss sells down for $6m
You have no credits left. To view this article subscribe to Business News.
You have used {{points}} and have {{current_points}} remaining. Your credits will reset on {{reset_date}}.
This article is part of a special report and is available to paid Business News subscribers only.
You can purchase access to this special report or subscribe to Business News.
You can purchase access to this special report or subscribe to Business News.
This article is premium content and is available to paid Business News subscribers only.
Subscribe to Business News.
Subscribe to Business News.
Thursday, 17 November, 2016 - 13:54
The head of Perth-based Sandfire Resources has sold down a fifth of his stake in the miner, pocketing $6.1 million from the on-market trade.
Sandfire managing director Karl Simich sold 1 million shares in the company at a price of about $6.11 per share.
The reason for the share sale was not disclosed.
He retains an indirect shareholding of about 5 million shares, which at the miner’s closing price of $5.81 today is worth about $29 million.
Companies:
People: