A2 Corp director Greg Hinton extracts shares from vehicle shared with chairman Cliff Cook

A2 Corp director Greg Hinton has extracted his shareholding from an investment vehicle shared with Cliff Cook, chairman of the company that markets milk with the ‘A2’ type of beta casein protein.

Hinton’s 11 million shares have been transferred into his own name from Mountain Road Investments, reducing its stake in A2 to 23.2 percent from 25 percent. Hinton owns 10 shares of Mountain Road, with the remaining 90 shares held by Cook’s Private Health Care (NZ).

“Greg and I have been working in partnership for a number of years on a range of investments that we have held jointly,” Cook said in a statement. “More recently there has been a change with Greg now only part time with me and working more on his own projects. As a result of these changes, we’ve agreed it is more appropriate for Greg to hold his shares in A2 directly.”

Shares of A2 have soared 140 percent this year and last traded at 24 cents, valuing the company at about $142 million.

Cook said he understands that Hinton is keen to remain a director of the company.

BusinessDesk.co.nz

Comments from our readers

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.

Printable version

Related News

MARKET CLOSE: NZ shares rise, led by Arvida as upbeat earnings buoy investors
NZ dollar slips below 70 US cents
Plant & Food Research-Anagenix tie up on the verge of reaping benefits
Air New Zealand passenger numbers rise in April
Unite Union makes headway in talks with Restaurant Brands
SSC to probe Transport Ministry's treatment of whistleblowers
FMA licenses 201 firms under new securities law regime
NZ goods exports hit an April record as dairy prices continue to rise
Mixed blessings for Contact Energy from low southern hydro lakes
Arvida, on expansion drive, more than doubles annual profit