Nufarm’s Limited
(ASX:NUF) Managing Director and CEO, Doug Rathbone has sold the majority of his shareholding in the company.
Mr Rathbone sold over 8.3 million Nufarm shares at $3.80 per share, representing just over 3 per cent of the company’s issued share capital.
In addition, Mr Rathbone has entered in to a deriviative transaction with respect to a portion of the remaining shares held by him and his associated family entities.
The purpose of the sale and deriviative transactions is to complete the refinancing of Mr Rathbone’s personal and family business interests.
Nufarm delivered a net profit of $81.75 million in fiscal 2013.
