NZX / MEDIA RELEASE 8
June 2016
Director sells shares on undertaking to Takeovers Panel
SeaDragon Limited (NZX:SEA) has previously received enquiries from
shareholders regarding the sale of relatively small parcels of shares by
entities associated with Stuart Macintosh (current director). As disclosed on
26 January 2016, Mr Macintosh was required by the Takeovers Panel to sell in
aggregate 5,282,125 shares. Mr Macintosh has advised the company that this
requirement has been met with the sale of 3,551,300 shares on-market on 1
June 2016, as disclosed to the market today. This sale was completed pursuant
to an exemption to SeaDragon''s securities trading policy and guidelines to
allow Mr Macintosh to comply with the Takeovers Panel''s requirements.
Mr Macintosh has confirmed his on-going commitment to SeaDragon and has
advised that he does not currently intend to sell any further shares. Any
further enquiries regarding these transactions should be directed to Mr
Macintosh rather than to SeaDragon.
For further information contact:
Colin Groves
Chairman
Tel: +64 21 928 003
About SeaDragon www.seadragon.co.nz
SeaDragon (NZX:SEA) is New Zealand''s largest refiner and blender of
high-quality, internationally-certified concentrated fish oils and fractions,
including Omega-3 oils. Our oils are sourced from fish caught in the clean
and pure waters around New Zealand, in the Southern Ocean, and elsewhere. We
have more than 20 years'' experience processing fish oils and we are
recognised for the quality and purity of our products. We supply health
supplement manufacturers around the world to meet the burgeoning demand for
pure, high-quality fish oils, which are scientifically proven to deliver
significant human health benefits such as lowering the risk of heart disease,
improving brain function and joint health. The majority of our supply is
exported.
End CA:00283684 For:SEA Type:GENERAL Time:2016-06-08 15:04:05