Regis Healthcare Ltd. (AU:REG) has released an update.
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Regis Healthcare Limited has announced a significant sale of shares by Ashburn Pty Ltd, the trustee of the Dorman Family Trust, which includes a co-founder of Regis. A total of 17.5 million shares were sold at a price of $3.90 per share, representing 5.81% of the company’s issued capital. The sale is part of the Dorman Family’s strategy to diversify their portfolio, while still retaining a 21.4% stake in the company and expressing ongoing support for its management and performance.
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