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