07/09/2011 - 09:27

Directors’ Interests

07/09/2011 - 09:27

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Directors’ Interests

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.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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