CEO Hugh Marks sells $1.38m worth of Nine shares

September 9, 2019 1:43

Nine’s CEO Hugh Marks has disposed of 700,000 ordinary shares in the company, and pocketed $1.38m from the sale.

Nine said the move was to satisfy Marks’ tax obligations arising from previous share issues.

Hugh Marks took the helm at Nine late in 2015

Marks now holds 2,250,580 shares in the company directly, and 282,280 indirectly. A further 1,543,699 shares are available via performance rights, subject to meeting specific vesting conditions.

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Vivienne Kelly

Vivienne Kelly was previously the editor of Mumbrella from 2016 to August 2020.

Topics

Hugh Marks Nine

1 COMMENTS

More bad 9 Sep 19

Funding what? What a distasteful thing to do right now.

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CEO Hugh Marks sells $1.38m worth of Nine shares

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