Sharechat Logo

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

Tuesday 13th December 2011 1 Comment

Text too small?

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.

Comments from our readers

On 15 December 2011 at 9:36 am Dianne Gower said:
Where do I find A2 milk to buy? I live in Tauranga.
Add your comment:
Your name:
Your email:
Not displayed to the public
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.
Bookmark and Share   Printable version
Related News

MARKET CLOSE: NZ shares dragged lower by SkyCity; Orion, Air NZ rise
Comvita share placement lifts Chinese investor's stake to 9%
NZ dollar falls as ECB comments help lift greenback
Zespri's latest forecast holds profit steady; Gold returns dip
Seeka predicts increased annual profit in 2016, reduces fruit loss
Guy removes Fonterra raw milk access requirements for big exporters
Update: SkyCity boss warns Chinese crackdown on foreign gambling will hurt high-roller revenue
Fonterra farmer directors Malcolm Bailey, Ian Farrelly retire
NZ migration, tourism hits new highs in September, driven by record holidaymakers, migrants
Pumpkin Patch says equity value eroded after unsuccessful talks with bank, stakeholders

IRG See IRG research reports