CVC Sell As Sunland Buy Back Shares
CVC has sold 24.7 million shares back to Sunland – approximately 10% of their issued capital. CVC chairman and long-time board member, John Leaver simultaneously has resigned as a Sunland director after 16 years on the board.
CVC are believed to have sought to sell their entire holding (of which 3.9 million shares remain) but Sunland have reached their buy-back capacity. The move won’t affect Sunland’s day-to-day operations.
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