Macquarie Infrastructure Co. (MIC) Tuesday said its chief executive James Hooke has acquired 13,327 shares of the company from Macquarie Infrastructure Management (USA) Inc. or MIMUSA.
MIMUSA facilitated the arrangement to further align Hooke's interests with those of other MIC shareholders. MIMUSA is the external manager of MIC. The acquisition is being funded through a loan from Macquarie Group.
Hooke said, "I am grateful to have been able to work with MIMUSA to create an arrangement that allows me to have more skin in the game. We have taken this step in direct response to shareholder requests, and I look forward to continuing to enhance the value of MIC shares."
For comments and feedback: editorial@rttnews.com