Australia's Cettire slumps as CEO sells stake in co
04/03/2024 02:24
** Shares of Cettire CTT.AX slump as much as 8.5% to
A$4.670; set to see their worst day since Dec. 5, if losses hold
** The luxury online retailer says its founder and CEO Dean
Mintz will sell down a 7.2% stake in the co at A$4.63 per share
via block trade
** CEO to remain largest shareholder and will retain about
30% stake
** Shares hit lowest since Feb. 14
** Stock has risen ~66.6% this year, as of last close
(Reporting by Archishma Iyer)
((Archishma.Iyer@thomsonreuters.com;))
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