Cettire's Partial Share Sale Announcement

Cettire Limited (ASX: $CTT) has confirmed the partial sale of 27.5 million shares by Mr. Dean Mintz, Founder and CEO. The sell-down represents approximately 7.2% of the company's issued capital and was executed at a price of $4.63 per share through an underwritten block trade. Following this transaction, Mr. Mintz will retain around 30% shareholding in the company, maintaining his position as Cettire's largest shareholder. The remaining holding of Mr. Mintz has been agreed to be escrowed until the release of the company's full-year results in August 2024.

Founder and CEO's Perspective

Cettire continues to perform very strongly, as evidenced by the recent H1-FY24 results. The share sale was driven by strong investor demand and aims to enhance liquidity and free float, thereby improving the potential for further major index inclusion over time. I have agreed to escrow my remaining holding in Cettire until the release of the company's full-year results in August 2024.

Summary of Cettire's Partial Share Sale

Cettire Limited (ASX: $CTT) has announced the partial sale of 27.5 million shares by its Founder and CEO, Mr. Dean Mintz. The sell-down, representing approximately 7.2% of the company's issued capital, was conducted at a price of $4.63 per share through an underwritten block trade. Following this transaction, Mr. Mintz will retain approximately 30% shareholding in the company, maintaining his position as the largest shareholder. The decision to sell shares was driven by strong investor demand and aims to enhance liquidity and free float, potentially improving the likelihood of further major index inclusion over time. Mr. Mintz has agreed to escrow his remaining holding in Cettire until the release of the company's full-year results in August 2024, demonstrating his confidence in the company's future performance and strategic direction.