08/10/2009 - 00:00

Directors’ Interests

08/10/2009 - 00:00

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Directors in Western Australian-listed companies continued to embrace the free share-trading period after the black-out period concluded with the end of the reporting season.

Directors in Western Australian-listed companies continued to embrace the free share-trading period after the black-out period concluded with the end of the reporting season.

Derek Cowlan led the pack in relation to share sales with Aquila Resources non-executive director pocketing $689,082 from the sale of 100,000 shares on-market. Mr Cowlan is left with just less than 10 million shares valued at about $70.2 million. Another seller was Carnarvon Petroleum non-executive director Kenneth Judge, who netted $538,000 after selling 1 million shares on-market at 53.8 cents each.

Meantime, Decmil Group director Robert Franco spent $145,327 buying 116,949 shares on-market at a slight discount to the company's share price on the day of trade. The purchase boosts Mr Franco's holding to 8.4 million shares, valued at about $10.8 million.

In a show of support for their company, Jupiter Energy directors Geoff Gander and Andrew Childs spent $364,000 participating in the company's $7.2 million rights issue.

Korab Resources directors Andrej Karpinski, Malcolm Mckenzie and Rodney Skeet spent a collective $70,000 subscribing to shares in that company's rights issue.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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