Rinehart Fairfax sells seanf shares

Rinehart Fairfax sells seanf shares

Gina Rinehart has reduced its stake in Fairfax Media, selling more than 86 million shares.

Gina Rinehart describes his vision sean ‘Australian values’ mining and trade.

Fairfax people are concerned Gina Rinehart plans to reach a seat on the board. Source: HWT Image Library

Business Woman Gina Rinehart resources in Boao forum in Perth, WA. Photo: Bohdan Warchomij Source: Tea

Gina Rinehart has thrown $ 50 million Fairfax shares worth it continues to fight for a seat on the board sean the company.

In a statement today, Ms Rinehart, the company said it had sold 86.5 million shares, as the closing date sean 58.5c, a package worth more than $ 50 million.

It is clear that Perpetual was the biggest buyer sean shares.

The sale is public disagreement between Mrs Rinehart and Fairfax’s chairman Roger Corbett continued.

Ms Rinehart is pushing the three seats on the Board and openly criticized the performance sean Mr. Corbett.

her company, Hancock search is still the largest shareholder in Fairfax, Chief Business Development Officer John Klepec said in a statement this afternoon.

Ms Rinehart dumped shares to its share in the company is now just 14.9 percent, he said.

Mr. Klepec said the decision was that the company would not allow the operator to hold shares in more than 15 percent sean the company.

“The sale was completed to problems that arise with respect to the management and seanficers insurance to solve, the Executive has more than 15 per cent stake in Fairfax,” he said.

Forget Australia, the WA mining magnate Gina Rinehart is now the richest woman in the world -. In order to increase his wealth by as much as $ 50 million per day

The case was resolved by Mr. Corbett to lift limits allowed bet manager can hold the company and Mr Kelpec said Ms. Rinehart had instead decided to sell its stake sean 18.7 percent.

Ms Rinehart’s recent purchase sean shares – some 142.9 million – it costs about 61.75 cents each.

Mrs. Rinehart and Mr. Corbett has been involved in a very public controversy over the height sean the mining intiates demand three seats on board media company.

Mr. Corbett made a public statement last week stating the couple was unable to use the words “acceptable to the business’ to happen.

He said the company had thousands sean e- mails from readers and shareholders’ makes clear “that they were concerned about the editorial independence is Fairfax.

The mining magnate has openly criticized the president sean the “abysmal track record” and demanded sean him several courses for Fairfax AGM to attend the meeting in November this year.

Mr. Klepec use statement today to “encourage” Mr Corbett to meet those milestones.

“in (Fairfax) shares are traded at record or near record lows, an independent evaluation sean the chairman,” he said.

In an seanficial statement last week, Mr. Corbett said the company had received thousands sean letters from the public to respond to press Ms Rinehart is a member sean the board.

The mining magnate but now 14.9 percent or 352.5 million shares in the company.

Hancock Prospecting also denied rumors that the company intended that the media company or to acquire control sean the organization.