Aquila and Nomad directors offload millions from stakes

Aquila Resources Ltd non-executive director Charles Bass today sold $13 million worth of his stake in the company while Nomad Building Solutions Ltd director Wayne Mcgrath realised $8 million from the sale of 2.5 million shares last Friday.

Through the off market sale of 2 million shares at $6.50 to West Perth-based SAS Global Private Client Pty Ltd, Mr Bass reduced his voting power from 17.65 per cent to 14.62 per cent.

Mr Bass now holds 24.7 million shares valued at $182 million on today's share price.

Mr McGrath now owns 2 million shares valued at $6.2 million.

Nomad Building Solutions Ltd current share price is $3.12, Aquila Resources Ltd is $7.38.