23 Dec 2011

AMP Capital Investors sells Kathmandu shares

9:00 pm on 23 December 2011

AMP Capital Investors has sold 3.7 million shares in the outdoor clothing and equipment retailer Kathmandu.

The investment manager has disclosed to the NZX it has sold the shares since 6 December.

At today's price that stake is worth more than $6 million.

Kathmandu's shares slumped on Thursday after the company warned it expected first-half earnings to be less than the $23.2 million it achieved for the same period in 2010.

On Friday, the share price ended the day 8 cents up at $1.72.