The Conscience Organisation returns to management ownership as STW sells out

December 4, 2015 9:37

Eight years after STW Group took a 40 per cent stake in The Conscience Organisation, founder and CEO Clive Burcham has bought back the business, returning it to private hands.

The move is part of STW’s plans to reduce the number of businesses under its umbrella from the current number of more than 70.

Burcham said that the buy-back released the company from the constraints of working with a listed entity.

“I suppose I have a reputation for being an accelerator and quite a free spirit. The buy back offers more freedom to invest in our people, in training and in future opportunities,” said Burcham.

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Simon Canning

Simon Canning was Mumbrella's marketing and advertising editor from 2015-2017. In a career spanning journalism and communications over more than 30 years Simon has become one of Australia’s most respected analysts and commentators on the advertising, marketing and media industries. A regular commentator on radio and TV, Simon has also worked in media in the US and UK .

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3 COMMENTS

Err 4 Dec 15

Isn’t this considered market sensitive information, a breach of continuous disclosure rules?

Unless of course the divestment was so insubstantial it has no material effect on STWs business…

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Mitch Incoll 4 Dec 15

Congrats Clive. Best of luck!

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Um 4 Dec 15

What does clive mean now he can invest in people , training and future opportunities, as a 60% owner of the company (unless I read wrong) he should have and could have done that anyway . Good luck to Clive but for me nothing changes , hard work and focus from the top down will breed success.

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