Aquarius directors in $27m sell down

MORE than $27 million in directors’ interests at southern African platinum producer Aquarius Platinum Ltd has been sold on market trades this month. Aquarius, which is listed in Australia, London and Johannesburg, has witnessed non-executive director Patrick Quirk reduce his indirect interest in the company, held through Chrometech Investments Ltd, by 1.2 million shares at an average price of $20.93 for a consideration of more than $25 million. Before the sale, Mr Quirk held a beneficial interest in more than 1.6 million shares in the company, valued at over $33 million. After the sale, he holds an interest in 429,878 shares, valued at about $8.7 million. Executive director and CEO Stuart Murray reduced his direct interest in the company by 65,000 shares at £9 (about $22.50) per share for a consideration of £585,000 (approx $1.5 million). After the sale, he holds 300,000 shares valued at $6.7 million. Non-executive chairman and non -xecutive director, Nicholas Sibley, reduced his indirect interest in the company, held through Vidacos Nominees Ltd, by 60,000 shares at £9.01 (about $22.50) per share for a consideration of £540,000 (about $1.4 million). After the sale, he holds 700,000 shares valued at $15.7 million.