Burnes HLO sale

THE self-managed superannuation fund held by Helloworld CEO Andrew Burnes and Executive Director Cinzia Burnes has more than halved its stake in the company in recent days, according to an ASX notice lodged yesterday.

The pair’s investment vehicle Longbush Nominees, which is the trustee for the Burnes Superannuation Fund, offloaded the stake at an average price of $2.19 per share, making a total of $1.486 million.

Longbush Nominees now holds 542,898 shares in Helloworld.

Andrew Burnes still has a personal holding of 10,495,531 shares while Cinzia Burnes has 10,138,014 Helloworld shares, and their jointly held The Burnes Group Pty Ltd holds 20,348,287 shares in the company.