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.
