Fairfax Chairman Nick Falloon buys stake in Nine

Company News

by Rachael Jones

Fairfax Media (ASX:FXJ) has released a report to the market to show that Fairfax Chairman Nick Falloon has acquired an interest in 200 thousand shares in Nine Entertainment Co. Holdings (ASX:NEC).

This purchase is since the release of the Company's Scheme Booklet in relation to a proposal from Nine Entertainment Co. Holdings (ASX:NEC) to acquire all Fairfax Shares from Fairfax shareholders.

Prior to this purchase Mr Falloon had no direct or indirect interest in NEC shares.

The 200,000 NEC shares were purchased on-market on 18 October 2018 by Avanteos Investments as custodian for the Falloon Family Super Fund of which Mr Falloon is a beneficiary.

Purchase price was $1.87 per share.

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