Australia's Cettire hits near 1-year low after CEO sells shares
23/03/2022 24:44
** Shares of Cettire CTT.AX fall as much as ~11%
** The luxury online retailer says Founder and CEO Dean
Mintz agrees to sell down 35.0 million shares in co
** The sell down represents 9.18% of the co's issued capital
** Share sale was at a price of A$1.35 per share in a block
trade
** Following sale, Mintz to retain a 56.72% shareholding in
co and remain Cettire's largest shareholder
** CTT shares hit their lowest level since April 6, 2021
** Stock has fallen ~60% so far this year
(Reporting by Indranil Sarkar in Bengaluru)
((Indranil.Sarkar@thomsonreuters.com;))
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