Eclipx Group Limited
(ASX:ECX) has advised investors of the sale of 38 million shares in the Fleet management and car financing group by Ironbridge Capital.
Irondbridge said it had reduced its shares in eclipx pursuant to an underwritten block trade.
The shareholding of the Ironbridge Funds in ecplix represents approximately 9 percent of the issued shares of the company.
Ironbridge’s Greg Ruddick will remain as a non-executive director of eclipx.
Eclipx recorded a net profit of 23 million at 31 March 2016.
