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Tate and Gill lift Fleetwood stake

THE managing director of portable accommodation builder Fleetwood Corporation Ltd Greg Tate, and non-executive director Stephen Gill, have both increased their interests in the company to over $36 million and $15 million respectively. On November 31, Mr Tate increased his indirect interests as director of Karrad Pty Ltd by 257,866 shares and as director of Fleetwood Retirement Fund by 15, 938 shares. The purchases were made by off-market trade for a consideration of approximately $1.7 million and took place under a dividend reinvestment plan. Mr Tate holds about 5.6 million direct and indirect shares, with approximately 4.9 million held through his privately owned company Karrad Pty Ltd. Mr Gill also increased his indirect interest as director of Adventure Holdings Pty Ltd and as director of Fleetwood Retirement Fund by 97,706 shares and 15,938 shares respectively. Mr Gill also reduced his direct interest by 25,000 shares. The purchases were made by on market trade for a consideration of $725,048. He now holds more than 2.5 million direct and indirect shares worth over $15.6 million. Since November 1, Fleetwood’s share price has shot up almost 8 per cent from $6.95 to Monday’s closing price of $7.49. In September, former Austal chief executive Bob Mckinnon was appointed as executive director of Fleetwood.

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