Vysarn Limited

ASX:VYS

Vysarn Limited

ASX:VYS
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$0.730 (-1.4%)
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#15
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18
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Reports (6) My Report Forum Investors
Forum Topics VYS VYS Director Selling

Pinned straw:
Dangles
Added 2 months ago

Interesting to see that Executive Director Sheldon Burt sold almost 40% of his holding of VYS on Friday totalling $3.2m in an off-market transaction.

Sheldon gained his ~2% shareholding when he sold his business Pentium Hydro to Vysarn back in 2019 and hasn't sold a share since then, his holdings increasing through both on-market purchases and directors performance options over the past 7 years.

Could be something, could be nothing, but worth noting as VYS picks up steam and starts to look more fully valued I think!
jcmleng
Added 2 months ago

Discl: Held IRL 1.71% and in SM

@Dangles,I was initially a bit concerned given the size of the sale and had a closer look at Sheldon's shareholding history.

  • Sheldon has built his holdings in VYS via (1) VYS shares as one of the 2 sellers of Pentium Water in Aug 2019 (2) Performance Rights (3) Subscription to Entitlement Offers
  • Since Aug 2019, he has invested $280.1k into VYS
  • The recent sale is his first sale since he joined VYS as Director post selling Pentium Water
  • The sale represents 37.97% of his 2.13% holdings of the VYS Shares on Issue
  • Post the sale, Sheldon’s holdings in VYS drops from 2.13% to 1.32%, still decent remaining skin in the game

At face value, with this history of about 6.5 years, and with ownership of 1.32% of VYS remaining post the sale, decent remaining skin in the game, it does seem reasonable to me for Sheldon to cash out a portion of his holdings and enjoy the fruits of his labour from both Pentium Water and from the $280.1k he has subsequently invested himself.

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