There were two theories surrounding serial tech founder Bevan Slattery’s sale of 3 million Megaport shares in mid-March.
The first was that it had something to do with the Megaport chairman’s two structured option and loan facilities, one of which was secured against 3 million such shares. The second pondered corporate plays around Slattery’s other interests in ASX-listed companies (such as Superloop and Swoop Holdings), for which a liberated $39 million of cash (before taxes) might be handy.
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Myriam Robin is a senior writer based in the Melbourne newsroom. She has previously been a Rear Window columnist and editor, and before that reported on financial markets and media. Connect with Myriam on Twitter. Email Myriam at myriam.robin@afr.com
