Fortescue Metals Group chairman Andrew Forrest has acquired an indirect interest in 5.1 million shares at a cost of $30.8 million. The shares were bought as part of an arrangement where The Metals Group, a private entity controlled by Mr Forrest, has provided financial assistance to allow certain senior executives of FMG to purchase the company’s shares on-market. Further transactions through this arrangement are anticipated. This brings Mr Forrest’s interest in the WA iron ore miner to 970 million shares worth about $6 billion.
Aurora Oil & Gas executive chairman and CEO Jonathan Stewart has exercised 750,000 vested performance rights to acquire shares at no cost, bringing his total stake in the ASX-listed North American oil and gas producer to 18.4 million shares worth $51 million.
Mermaid Marine Australia founder and executive director James Carver has sold 318,397 shares in the marine logistics services provider to raise almost $1 million. He retains an interest of 2.6 million shares in the company worth $8 million.
