Business Services Industry
Bonanza for Austar chiefs.(Austar United Communications Ltd.: profit in internal share deal)(Brief Article)
Australasian Business Intelligence, March, 2005 by Nicholas, Katrina
Mar 03, 2005 (The Australian Financial Review - ABIX via COMTEX)
Top executives of Australian pay-TV broadcaster Austar United have profited in an internal share deal. In December 2003, 13 members of the management team acquired about 42 million shares for $A2.5 million. Austar says they recently sold out for $11.2 million but will spend about half of that in repaying loans they received to buy the shares, plus some taxation settlements. Austar's share price has risen eightfold in the last two years.
Publication Date: 4 March 2005
AUSTAR UNITED COMMUNICATIONS LIMITED
- ASX AUN:
UNITEDGLOBALCOM INCORPORATED
By Katrina Nicholas
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