I posted this in another thread - but thought it worthwhile of its own given the amount of discussion that has gone on about Ray White supposedly controlling realestate.com.au for sometime now...
this announced on the 1 July this year
makes you wonder what RW know about the market place to sell their 10% stake in REA...
one to ponder!
UC
this announced on the 1 July this year
Ray White Group sells REA Group shares
REA Group Ltd (“REA”) has been informed by the Ray White Group that Ray White Group sold its shareholding in REA yesterday, with the sale of 13,503,584 shares. This represents 10.6% of REA's issued share capital. REA has been informed that this sale of shares was to a range of existing and new shareholders, with the greater number of the shares being sold to new shareholders.
Sam White, Deputy Chairman of the Ray White Group, will retain his personal shares in REA, and remains a director of REA.
Sam White said:
“I remain committed to the REA Group as both a shareholder and as a member of the board. The sale of the shares owned by the Ray White Group will allow Ray White Group to invest back in our core family business and fund other emerging opportunities.”
“I remain committed to the REA Group as both a shareholder and as a member of the board. The sale of the shares owned by the Ray White Group will allow Ray White Group to invest back in our core family business and fund other emerging opportunities.”
Greg Ellis CEO of the REA Group said:
“We are excited about the expansion of the share registry across the Australian investment community. I am also pleased that Sam remains a board member and shareholder.”
“We are excited about the expansion of the share registry across the Australian investment community. I am also pleased that Sam remains a board member and shareholder.”
“As a business we still see Sam White as both an important customer and a valuable member of our board, taking into consideration his knowledge and expertise in the property market.”
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makes you wonder what RW know about the market place to sell their 10% stake in REA...
one to ponder!
UC