Amadeusz Juskowiak

Dh technology dhtk chairman sells shares

DH Technology Inc said it has repurchased 500000 of its shares from cofounder Helmut Falk at 425 dlrs each and Falks has sold another 500000 shares to venture capital firm TA Associates at the same price

The company said Falk has resigned as chairman of DHL and now owns 213567 shares It said TA now owns 9280000 shares

The company said Falk who will remain on the board has agreed to sell no more than 75000 of his remaining shares in the next year without company consent It said president and chief executive officer William H Gibb has assumed the added post of chairman

Reuter