Nuix CEO Jonathan Rubinsztein not aware of bid for company when he bought shares
Nuix has said its CEO’s purchases of shares in the company were made before a potential takeover bid for the tech business was floated.
Nuix says its chief executive Jonathan Rubinsztein was not aware of a bid for the troubled tech company when he bought shares over three days in September.
Nuix shares jumped after The Australian’s DataRoom column reported US company Reveal had tapped investment bankers Barrenjoey for a possible tilt at Nuix.
Nuix entered a trading halt on the news, noting the “press speculation” but pushed back on suggestions of a bid. The revealed on Wednesday that Reveal had approached company chair Jeff Bleich on September 6 in a “highly preliminary discussion”.
“Mr Bleich indicated at the conclusion of that discussion that (Nuix) was not interested in exploring a transaction of the general kind outlined and that (Nuix) would not be interested in receiving details of or exploring a potential sale of (Nuix) assets further at this time,” it told investors.
But Mr Rubinsztein had purchasing 800,000 Nuix shares between September 6 and 8 in transactions worth $236,260. Shares in the company rose 27 per cent to 87c after Reveals interest was made public.
In a response to an Australian Securities Exchange query, Nuix said Mr Rubinsztein had not been aware of a proposed transaction.
Nuix said its CEO was not aware of the Reveal approach when he purchased the shares and was only briefed about the Reveal deal on September 9.
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