Antony Catalano and WCI purchase more shares in Prime Media
Antony Catalano and his business partner Alexander Waislitz’s company WA Chess Investments (WCI), has again increased its stake in Prime Media Group, furthering rumours of a potential take over.
The purchase of additional shares by the pair, which own Australian Community Media (ACM) has taken the investment in the regional TV company to 22.9% up from 19.9% after the purchase from WIN Corp’s Bruce Gordon, in a deal worth $2.6 million.
In total, the deal sees WCI purchasing just under 11 million shares at a price of $0.24 each. This is the second time this year that Catalano has increased his stake in Prime Media, following a purchase of almost 19 million shares at $0.225 each, at a total cost of $4.245 million, back in March.
