Chairman Equity Divestment
| Stock | EVZ Ltd (EVZ.ASX) |
|---|---|
| Release Time | 14 May 2026, 8:14 a.m. |
| Price Sensitive | Yes |
EVZ Chairman Sells Shares, Maintains Significant Holding
- EVZ Chairman Graham Burns sells 5.0 million shares, representing 4.1% of issued capital
- Remaining holding of 7.3 million shares represents 6.0% of company
- Sale expected to enhance liquidity and introduce new investors
EVZ Limited has announced that its Non-Executive Chairman, Graham Burns, has sold 5.0 million ordinary shares in the company by way of an on-market trade. The shares sold represent approximately 4.1% of EVZ's issued ordinary shares and approximately 38% of Mr. Burns' holding prior to the sale. Following the transaction, Mr. Burns retains approximately 7.3 million ordinary shares, representing approximately 6.0% of the company's issued capital. The transaction is expected to enhance liquidity in EVZ shares and facilitate the introduction of additional institutional and sophisticated investors to the company's share register. This is the first sale of EVZ shares undertaken by Mr. Burns since his appointment to the Board in 2008. The transaction was completed following receipt of the necessary approval in accordance with the company's Share Trading Policy. Mr. Burns stated that he remains a significant shareholder in EVZ and is fully committed to his role as Non-Executive Chairman, and he continues to be very positive about the company's future prospects.