$200 million sell-down among ASX 300 insider sales and purchases over past week

One of the biggest recent transactions among S&P/ASX 300 Index (ASX: XKO) company directors was worth almost $200 million.

Let’s take a look.

ASX 300 insider transactions over the past week

Dicker Data Ltd (ASX: DDR)

Founder and CEO David Dicker sold off approximately 18.3 million shares at $10.90 per share by way of an underwritten block trade on 5 March. The stock was sold “to certain sophisticated, professional and/or institutional investors”, according to the disposal notice.

The total consideration was almost $200 million and represented 10.2% of the company’s issued capital.

The company issued a statement explaining the sale:

The sale of shares is due to a recent divorce settlement and subsequent restructuring of David Dicker’s portfolio.

Dicker has entered into a six-month escrow on his remaining shareholding of 93,785,988 shares. The trade reduced his voting power from 62.35% to 54.77%.

The ASX 300 tech share is up 0.56% to $10.76 in afternoon trading.

Atlas Arteria Group (ASX: ALX)

Atlas Arteria director Ken Daley spent a bit over $24,500 buying 4,600 shares on-market on 7 March. Fellow director Andrew Cook also added 5,000 shares to his holdings in the ASX 300 stock on 5 March. He paid $26,500 for the stock, taking his total holdings to 43,000 Atlas Arteria shares.

The industrials stock is down 0.94% to $5.28 on Tuesday.

Charter Hall Group (ASX: CHC)

Stephen Conry bought up 11,775 shares over two days on 5 and 6 March for a total consideration of $149,896. This increased his holdings in the ASX 300 real estate investment trust (REIT) by almost 75%.

The ASX 300 property share is up 1.25% to $13.01 this afternoon.

The post $200 million sell-down among ASX 300 insider sales and purchases over past week appeared first on The Motley Fool Australia.

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• Why Accent, Cettire, Dicker Data, and Iress shares are dropping today
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• Here are 4 ASX 200 REITs results catching the eye on Wednesday
• Leading brokers name 3 ASX shares to buy today

Motley Fool contributor =”https://www.fool.com.au/author/TMFBronwyn/”>Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Dicker Data. The Motley Fool Australia has positions in and has recommended Dicker Data. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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