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Proactive Investors China - The web's leading portal for China stocks - Kangaroo Island Plantation Timbers MD demonstrates confidence in company with on-market purchase

2021-05-26
by Proactive Australia
Kangaroo Island Plantation Timbers Ltd (ASX:KPT) managing director Keith Lamb has demonstrated his confidence in the company s strategy with the purchase of shares in an on-market transaction.
On May 24 Lamb acquired 5,000 shares at $1.15 per share in a direct interest, increasing the total number of securities held to 20,000 shares.
Reject takeover offer
The company s directors last week unanimously recommended that shareholders reject an on-market takeover offer from Samuel Terry Absolute Return Active Fund (STAM).
STAM already holds 26.26% of KPT and has offered to acquire all KPT shares at a price of $1.05 cash per share.
KPT chairman Paul McKenzie said the directors had recommended shareholders reject the offer for the following reasons: ....

Paul Mckenzie , Keith Lamb , Samuel Terry Absolute Return Active Fund , Kangaroo Island Plantation Timbers Ltd , Kangaroo Island Plantation Timbers , Island Plantation Timbers Ltd , பால் மகெந்ஸீ , கேய்ட் ஆட்டுக்குட்டி , கங்காரு தீவு தோட்டம் மரக்கன்றுகள் லிமிடெட் , கங்காரு தீவு தோட்டம் மரக்கன்றுகள் , தீவு தோட்டம் மரக்கன்றுகள் லிமிடெட் ,

Kangaroo Island Plantation Timbers Ltd MD demonstrates confidence in company with on-market purchase

Kangaroo Island Plantation Timbers MD demonstrates confidence in company with on-market purchase
This month KPT welcomed the Federal Budget announcement of $32 million of road funding for Kangaroo Island as the final piece of the puzzle to clear the way for approval of its proposed KI Seaport development.
KPT is Australia’s only listed timberland company.
Kangaroo Island Plantation Timbers Ltd (ASX:KPT) managing director Keith Lamb has demonstrated his confidence in the company’s strategy with the purchase of shares in an on-market transaction.
On May 24 Lamb acquired 5,000 shares at $1.15 per share in a direct interest, increasing the total number of securities held to 20,000 shares. ....

Kangaroo Island , Smith Bay , South Australia , Paul Mckenzie , Samuel Terry Absolute Return Active Fund , Federal Budget , Hog Bay Road , Playford Highway , Small Caps , Forestry Paper , Kangaroo Island Plantation Timbers Ltd , Asx Kpt , கங்காரு தீவு , ஸ்மித் வளைகுடா , தெற்கு ஆஸ்திரேலியா , பால் மகெந்ஸீ , கூட்டாட்சியின் பட்ஜெட் , பன்றி வளைகுடா சாலை , ப்லேஃபர்ட் நெடுஞ்சாலை , சிறிய தொப்பிகள் ,