JAMIE Pherous, ceo of Corporate Travel Management, has reaped almost $27m from selling part of his stake in the firm.
An ASX update late on Fri confirmed the sale of 5.5% of the Pherous shareholding, comprising 1.65 million shares at $23 each.
The company said the proceeds are to be used for a “personal investment,” with the sale following strong enquiries from both domestic and international funds looking to invest in the firm after its FY17 results and recent annual general meeting.
With 20 million shares left, Pherous still remains the biggest shareholder in the company.
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Source: traveldaily