Fortescue Metals Group chairman Andrew Forrest has acquired an indirect interest in a further 1 million shares costing $5.04 million, further to his acquisitions last month. This is 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. Mr Forrest’s direct and indirect interest in the WA iron ore miner now stands at 982 million shares worth $4.86 billion.
Bathurst Resources managing director Hamish Bohannan has sold 1.5 shares in the coking and thermal coal explorer to raise $1 million. The sale of these shares was used to fund the conversion of 2.4 million options on 1 Sept. Mr Bohannan retains an interest of 10.6 million shares in the company worth $7.7 million.
Little World Beverages non-executive directors Howard Cearns and Nic Trimboli have each sold off part of their stake in the listed craft brewer, cashing out about $6 million each. Mr Cearns sold 1.6 million shares to raise $5.3 million, and retains a stake of 4.1 million shares worth $14.3 million. Mr Trimboli sold 2 million shares to raise $6.6 million, and retains 3.9 million shares worth $13.6 million.