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You are here: Home → Archive → 2009 → July → Weekly Edition 16th of July 2009 → Rowsthorn reduces stake in Asciano

Rowsthorn reduces stake in Asciano

by Rob McKay — last modified Jul 16, 2009 05:46 PM

CHIEF executive Mark Rowsthorn has reduced his stake in Asciano when taking up his entitlement under the company’s recent capital raising process, Asciano confirmed on Tuesday.

Mr Rowsthorn told the board that he had sold 40m existing shares and obtained a loan to help fund his 76.2m take-up under an entitlement offer.
He had said in May that he would take up the full entitlement but...

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