26 Jun 2011

Weldon reduces NZX stake

9:30 am on 26 June 2011

NZX chief executive Mark Weldon has reduced his stake in the firm to less than 5%.

Mr Weldon has sold 2 million shares on market for $4.68 million.

The sale has reduced his stake from 6.6% to 4.98%.

He will use the money to fund the previous purchase of shares under his CEO share plan, as well as to buy a property.