Published August 24, 2012
Dow Jones Newswires
Australia & New Zealand Banking Group Ltd. (ANZ.AU) Chief Executive Mike Smith has sold 10.8 million Australian dollars (US$11.3 million) worth of shares to help him pay off debt and fund an upcoming tax bill.In a notice lodged with the local exchange on Friday, ANZ said that Mr. Smith exercised 440,000 options this week at a price of A$24.74--more than 60% of the 700,000 he was granted by shareholders in 2008. The options were originally vested at an exercise price of A$14.18.
"The exercise of the share options and the sale of the resulting shares was undertaken by Mr Smith in order to fund a forthcoming income tax payment and to repay debt," according to the statement.
Write to Caroline Henshaw at caroline.henshaw@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
Copyright ? 2012 Dow Jones Newswires
Source: http://feeds.foxbusiness.com/~r/foxbusiness/latest/~3/UR8vXiw9D2o/
westminster bonnaroo 2012 lineup twisted metal sea lion si swimsuit 2012 westminster dog show abe lincoln vampire hunter
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.