Company Report
Last edited 2 years ago
PerformanceCommunity EngagementCommunity Endorsement
Performance (49m)
4.3% pa
Followed by
249
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#CFO Resigns
stale
Added 2 years ago

Resignation of Chief Financial Officer, Matthew Patterson, effective 12 November 2021.

He was only appointed on 2 Jun 2020 following the Finance integration of the EMS Bruel & Kjaer business into Envirosuite.

You don't want to see a CFO resign after just over a year without a good reason. 

Matthew said “with the successful integration of the EMS Bruel & Kjaer business, and the recent capital raise to allow the business to accelerate its growth in the Americas and with EVS Water, it is now time to move onto new opportunities. I wish Jason and the entire Envirosuite team the very best and every success in the future.”

#Overhang sold
stale
Added 3 years ago

Yes, it was Macquarie who sold 80m shares on 24 Sep 21 on market at $0.16. 

Perennial Value increased their holding by just over 1% so took up some of the selling.

Macquarie had been selling since they acquired shares through their sale of EMS Bruel & Kjaer to EVS.  They last lodged a substantial holder notice on 10 Jun 2021, reducing their stake from 8.27% to 7.00%.  It is good in the end to have an overhang like this cleared at a reasonable price.