Directors up their stakes in Moa

Moa Group CEO Geoff Ross and director David Poole have increased their shareholdings in the NZX-listed brewer, which has more than doubled its share price over the last seven months.

In transactions on March 24 that were reported to the NZX today, Ross bought 168,000 shares at a cost of NZ $84,555, bringing his holding 516,200 shares.

Poole now has a total of 132,000 shares, having purchased 42,000 shares at a cost of NZ $21,138.

Moa has enjoyed an improved showing on the New Zealand Exchange since its shares bottomed out at 27 cents in August last year.

Today they are trading at 65 cents, more than double that of seven months ago, but still far shy of the November 2012 listing price of $1.25.

In December 2015, the NZX issued Moa with a ‘please explain’ after the company’s share price spiked upward by 22 cents in the space of a week.

The company provided reassurance that it had complied with listing rules requiring continuous disclosure of material information to the NZX.

Read more:
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