ASX:WTCSoftware
Does White’s Collar Over 20m Shares Reframe WiseTech’s Control And Governance Outlook (ASX:WTC)?
Earlier this week, WiseTech Global disclosed that RealWise Holdings, controlled by founder and CEO Richard White, entered a collar derivative and financing facility with Macquarie Bank over 20 million shares, around 6% of the company’s capital, for up to 5.5 years to refinance debt and meet personal obligations while retaining about 95 million shares outside the arrangement.
The transaction reshapes how White holds a large portion of his stake without changing his overall beneficial...