G8 non executive director tops up shareholding in wake of equity slide

Brian Bailison, a long standing non executive director at G8 Education has added to his existing holding in the company through an on market purchase of 10,000 shares made yesterday, 10 March 2020 according to a new Appendix 3Y release. 

 

The purchase, which was executed through connected party Joanne Bailison, will bring the number of shares held to 35,000, with the previous purchase of 25,000 shares having been made in November 2018. 

 

It is understood from the Appendix 3Y Change of Director’s Interest Notice that the price paid by Mr Bailison was around $1.29 per share. 

 

Mr Bailison is the first director of a listed early education and care provider that has released an Appendix 3Y post the unprecedented falls in Australian equity markets and associated listed ECEC operators.

 

Mr Bailison has been a non executive director since 25 March 2010 and chairs the Audit and Risk Committee and is a member of the Nomination Committee. 

 

In a separate ASX release well known contrarian investors Allan Gray Australia Pty Ltd confirmed they had built a 5.82 per cent shareholding in G8.