Medical Developments International announces off-market sale of 5 million shares

Company News

by Anna Napoli

Healthcare company, Medical Developments International (ASX:MVP) has announced the off-market sale of 5 million shares.

Chairman David Williams sold the shares at a rate of $7.50 per share yesterday.

The sale comes following a three-week road show across Europe, Asia and Australia.

The company says strong demand for more liquidity prompted the sale, with the shares going to funds in the US, UK and Australia.

Shares in Medical Developments International (ASX:MVP) are trading  0.28 per cent higher to $7.27

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.