Pro Medicus Limited (ASX:PME) Co-Founders Sell Shares
Share Sale Details
Co-founders Dr Sam Hupert and Mr Anthony Hall have sold 1 million shares each of Pro Medicus Limited (ASX:PME) during the current trading window. This transaction represents less than 4% of their respective shareholdings and occurred at the closing market price of $256.73 on 3rd December 2024.
Despite this sale, both founders retain over 24 million shares each. Their combined holdings now account for 46% of the company’s total shares on issue.
Executive Commitment
Dr Hupert and Mr Hall remain actively engaged in leading Pro Medicus and have affirmed their intention not to sell any further shares in the near future. The founders’ commitment underscores their confidence in the company’s future growth.
Chairman’s Comments
Chairman Mr Peter Kempen AM commented, “This sale of shares by the Founders is part of a progressive sell down, which provides prospective shareholders with the opportunity to invest in the Company and ultimately will increase the ‘free float’.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has recommended Pro Medicus. The Motley Fool Australia has recommended Pro Medicus. 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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