Willimbury, a substantial shareholder of Grand Banks Yachts G50 G50 , has purchased 1,709,500 units in Grand Bank Yachts for $529,945 or 31 cents apiece.
The off-market transaction took place on March 28. The sale was completed on April 2, after the Good Friday and Easter Monday public holidays in Australia.
Willimbury now has a 15.79% stake, or 29.15 million units, in Grand Banks, up from 14.864% previously.
Shares in Grand Banks closed 0.5 cents higher or 1.45% up at 35 cents on April 2.
