Published 8 February 2006
ABC Learning Centres Ltd of Australian has confirmed it has sold all 10 million shares it held in Kidicorp Group Ltd.ABC acquired the shares when it bought Childcare Centres of Australia Ltd early in 2005. Childcare Centres had acquired the shares through a placement in July 2004. ABC indicated when it bought Childcare Centres it didn’t intend to retain the Kidicorp investment and has been selling down since late 2005.
It sold 2 million shares on the market in January and senior Kidicorp employees bought the remaining 3 million shares on January 31.
Attribution: Company statement, story written by Bob Dey for this website.