Wotif founder Graeme Wood has sold 3.5 million shares in the company for just under $17m and gifted a further 4.3m shares to his charitable foundation, it was announced today. It means that Mr Wood’s share in the company he founded in the early 2000s has fallen from 22.3% to 19.8%. Wotif has been struggling (no growth) for the last 18 months and its share price fell a further 3% today to about $4.28. In May they were $5.60.
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