Afterpay Touch Group Limited has been advised by Executive Directors Anthony Eisen, Nicholas Molnar and David Hancock that they have each sold a small portion of their respective shareholdings in the Company.
The Transaction is in accordance with the Company’s previous announcement on 4 April 2018 that for asset diversification reasons, and subject to share price and market conditions, Mr Eisen and Mr Molnar would consider a sale of up to 10% of their underlying individual shareholdings (less than 2.5% of the total issued capital) within twelve months of their release from escrow.
Mr Eisen and Mr Molnar have each sold 2.5m shares representing 10% of their respective underlying shareholdings and have confirmed that they do not presently intend to sell any further shares over the next 12 months.
Mr Hancock also participated in the Transaction, which was approved by the independent Board directors
The Transaction was undertaken by way of an off-market bookbuild to institutional and professional investors. The Company welcomes the new investors to its register.
Mr Eisen, Mr Molnar and Mr Hancock will each maintain a significant shareholding in the Company.
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