Dorchester buyers line up

Green spent nearly $1 million lifting his stake from 11.3% between September 24 and 30, buying shares on market and exercising 2005 warrants.

His moves came after Bridgecorp bought a 19.9% Dorchester stake and entered a "lock-up" agreement with managing director Brent King to buy more shares.

The deals were subsequently found to have breached the code, and Bridgecorp and King will have to sell 1.23 million Dorchester shares.

A third contender could be investor George Gould, who last week sold a 19.8% holding in Vertex Group for $13 million.

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:

Spark New Zealand appoints new director to the Spark Board
AFT to announce full year results on May 23 2024
CRP - Korella North Takes Another Two Steps Forward
May 3rd Morning Report
ASB workers to strike as bank proposes an effective pay cut
Rising tides, sinking stocks: study explores cost of climate change
May 2nd Morning Report
AGL - Change in Senior Management
Devon Funds Morning Note - 01 May 2024
Rick Christie to step-aside as a non-executive director