PPC CEO Roland van Wijnen defends sale that sparked selling frenzy
No funny business detected, say analysts, as shares snap a four-day losing streak
26 January 2022 - 12:52
UPDATED 26 January 2022 - 23:00
PPC CEO Roland van Wijnen, whose decision last week to sell more than R25m of his shares in the business sparked a four-day selling frenzy, has defended the move as driven by a desire to gain some liquidity while the foreign exchange market was favourable and not a sign of a brewing storm at the company.
PPC snapped a four-day losing streak that wiped out nearly a quarter of its market value in what analysts say was precipitated by significant stock sales by some of the company’s senior executives this past week...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.