24th May 2004
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Announcement
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Doug Rathbone’s intentions re stock sale
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Nufarm Limited’s CEO, Doug Rathbone, today said he intended to sell up to one million shares in the company over the next six months, subject to the company’s share price, and to appropriate trading windows being available under Nufarm’s share trading policy for directors and key executives.
Mr Rathbone currently has a relevant interest in approximately 32 million shares equating to 19% of Nufarm’s issued capital. He is the company’s largest shareholder.
Proceeds from the sale will be utilised to assist in the restructuring of debt associated with Mr Rathbone’s family business.
Appropriate notices will be lodged with the Australian Stock Exchange to confirm any such sales of stock owned by Mr Rathbone.
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Further information:
Robert Reis
Corporate Affairs
Phone (61 3) 9282 1177
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