Listed AV networking business Audinate is on a tear, and chief executive and co-founder Aidan Williams is cashing out.
He sold 51,702 shares, or 2.6 per cent of his $26 million holding, on August 28, securing $706,249.32 at $13.55 a pop. This cash, he told us, would meet “upcoming tax obligations”.
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clarification —
This article was updated to include a response for Aidan Williams regarding his expectations of a capital raise.
Myriam Robin is Rear Window editor based in the Melbourne newsroom. A Rear Window columnist since 2017, she previously reported on financial markets and media. Connect with Myriam on Twitter. Email Myriam at myriam.robin@afr.com
