Cedar Woods managing director sells shares for personal financial reasons

Nathan Blackburne, managing director of Cedar Woods Properties Limited, sold 112,282 ordinary shares in the company through on-market trades on October 31 and November 3, 2025. The shares were sold at an average price of $8.91 per share, with the company citing "personal financial reasons" for the transaction.

Following these sales, Mr. Blackburne's direct and indirect holdings in Cedar Woods now stand at 378,213 shares. The company stated that he has no current intention to sell further shares. His remaining holdings include 31,765 directly held shares, 230,278 shares held through the Spencer Family Trust, and 116,170 shares via the Stephanie Super Fund.

Additionally, Mr. Blackburne retains 315,656 LTI performance rights and 35,863 DSTI zero price options. The transaction occurred outside of a closed period, meaning no prior written clearance was required for the trade.