Jones purchases CCL shares
Robt. Jones Investments. Ltd. has purchased for cash 400,000 shares in Computer Consultants. Ltd. from Mr K. E. S. Fraser at a price of 160 c a share. The directors of Jones Investments believe that the high earning potential of Computer Consultants is a natural complement to their own activities, which offerrapid asset growth but areby comparison lower yielding. They also regard the company as one that is well managed and in an industry with outstanding potential. ' Mr Fraser was one of the pioneering shareholders of CCL. He was the former
managing director, but rei signed unexpectedly after the company ran into financial strife in Australia, and after it was on the recovery trail. He lambasted directors at last year's annual meeting. The CBA Finance Holdings book lists Mr Fraser as having 402.417 shares or 15.1 per cent of the capital. It is • understood that Mr Fraser - was under a time constraint before he could sell his shares, but he could not be reached for comment. The CCL chairman. Mr E. A. Cornish, is now the company's biggest individual shareholder, with 424.000 shares.
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Press, 9 February 1983, Page 28
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187Jones purchases CCL shares Press, 9 February 1983, Page 28
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