Richard David Graham, executive chairman of Infomedia, an Australian developer and supplier of electronic parts catalogues and service quoting systems for the automotive industry, has sold 102 million shares, representing a 34% stake in the company.

The shares were sold on 28 August 2013, at an approximate price of AUD0.56 ($0.502) per share, for gross proceeds of AUD57.38 million ($51.49 million).

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Infomedia, headquarted in New South Wales, Australia, also deals with information management, analysis and creation for the domestic automotive and oil industries.

According to the company’s latest financial results, Infomedia saw increased capitalisation and amortisation during 2013 and a lower tax expense. For the year ending 30 June 2013, Infomedia’s net profit after tax grew by 19.0% or $1.6 million to $10.1 million and with sales revenue growing by 6.6% to $48.6 million.

Later in August, Mr Graham announced his intention to retire from his role as executive chairman of Infomedia within the next 12 months. He said he will remain on the board as non-executive chairman as soon as a new CEO is appointed.

Richard David Graham

– Full name: Mr. Richard David Graham
– Known as: Richard Graham
– Gender: Male
– Age: n/a
– Date of birth/Year: n/a
– Citizenship: Australia
– Languages: English

Liquidity Events

– 28 August sale of 102 million shares in Infomedia Ltd. for $51.49 million

Profile

Richard David Graham served as CEO and managing director of Infomedia from 1988 to December 31, 2004, after co-founding Infomedia in 1988. He has held senior management positions in the American and Australian computer industry since 1977. His personal interests include matters of the environment, nutrition, civil liberties, and democratic process. Graham has been the executive chairman of Infomedia since August 31, 2010. He served as chairman of Infomedia from December 2004 to August 31, 2010.