Treasury said Mr Clarke continued"to hold a significant relevant interest in
1,583,066 company securities,made up of 782,820 ordinary shares of the Company and
800,246 performance rights".

Back in May Mr Clarke sold 375,000 shares at $17.22 on May 1 and a further 25,000 shares on May 3 at $17.25. The two transactions totalled $6.89 million and came at a time when the stock was nearing six month highs.

Last week Treasury reported that its net sales revenue was up 17 per cent to $2.83 billion for the financial year ending in June,while its net profit after tax climbed 16 per cent to $419.5 million. The winemaker,which also announced an investment of up to $180 million in luxury winemaking facilities in the Barossa Valley,lifted its revenue in Asia by a massive 37 per cent.

Shares in Treasury rose 2.7 per cent on Monday to close at $17.54.