SEEK director sells shares for personal funding obligations
On September 1, 2025, SEEK Limited announced that director Andrew Bassat sold a total of 399,991 ordinary shares to meet various personal funding obligations, including contributions to the SEEK Growth Fund. The sales, executed as on-market trades, occurred in two tranches: 11,883 shares on August 25, 2025, at AUD 28.2113 per share, and 388,117 shares on August 26, 2025, at AUD 27.75 per share.
Prior to these transactions, Andrew Bassat held 2,390,978 direct ordinary shares and 11,250,113 indirect ordinary shares, totaling 13,641,091 shares. Following the sales, his direct holding of ordinary shares decreased to 1,990,978, while his indirect holding remained at 11,250,113, bringing his total shares to 13,241,091. The company confirmed that this change of director's interest notice was authorized for release by company secretary Rachel Agnew.
Additionally, on September 1, 2025, SEEK Limited also released its revised Share Trading Policy, accessible on its website. This policy outlines restrictions on dealing in SEEK securities for "Designated Persons," including directors and certain personnel, particularly during "Blackout Periods." The policy emphasizes prohibitions against insider trading, short-term selling, and hedging, ensuring compliance with continuous disclosure obligations and good corporate governance.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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