NAB 0.68% $23.32 national australia bank limited

directors selling and capital raisings

  1. 106 Posts.
    I note the moderators censoring of various posts about this topic - However it is a real one and deserves to be allowed to be explored.



    Facts:

    Ahmed Fahour (Director and CEO of NAB) lodged an appendix 3Y notice with ASX(Change of directors interests) on the 5th November - In the notice it states that he has reduced his holdings (ie SOLD on market) 130,000 shares for $3,221,904.65 (Average $24.78) as at 3rd November 2008

    On the 10th November 2008 the NAB announces a capital raising at $20.00



    I will reply to my own message so that of my discussion cannot be seen to taint these facts.

    J.
 
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