Former SkyCity boss Nigel Morrison sells shares

Former SkyCity Entertainment Group chief executive Nigel Morrison has raised $461,450 by selling a small part of his stake in the casino group. 

Morrison stepped down on April 29. At the time, chairman Chris Moller said both the board and Morrison agreed it was the right time to appoint a new chief executive after eight years in charge. 

The former SkyCity chief sold 100,000 shares on May 24, according to a statement to the stock market operator, NZX. The shares sold are a small part of the stake Morrison holds in New Zealand's only listed casino group. He still holds 1,823,502 shares, worth $8,862,219 at the current price of $4.86. 

A short while ago shares had risen 1 percent, or half a cent, to $4.86. They've risen 9.8 percent since the start of the year.

BusinessDesk.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

AGL - Accordant Group Limited announces CEO retirement
VCT - Results of annual shareholders' meeting
HGH - Heartland acknowledges TSB Section 95 Notice
TEM - Transaction in Own Shares
SKO - Serko announces CFO Transition
September 25th Morning Report
CCC - Cooks Coffee Company Appoints New Group Marketing Director
AIR - Air NZ 2026 Annual Shareholders' Meeting Materials
CVT - Annual Meeting, Director Nomination & Shareholder Proposal
TEM - Transaction in Own Shares