SINGAPORE (Nov 21): ISR Capital’s former executive director of David Rigoll has ceased to be a substantial shareholder in the company, reducing his direct interest to 3.24% from 16.85% in two transactions.

According to a regulatory filing this morning, Rigoll on Nov 16 sold 27.37 million shares on the open market for $136,850 or an average price of 0.5 cent each. This reduces his stake from 16.85% to 15.66%.

On the same day, Rigoll sold 287.5 million shares at $1.06 million or about 0.37 cent each on average, this time in an off-market transaction. This reduces his stake to 3.24% or 75 million shares, from 15.66%.

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