Directors’ Interests

Mineral Resources executive chairman Peter Wade sold $10.1 million worth of shares held by his family trust in a single on-market trade on Friday. Mr Wade’s sale comes at a time when the share price is close to a 12-month high of $10.83.

Three directors of WA-based Forge Group have sold approximately 2.4 million shares worth $10.5 million in order to facilitate purchases by several institutional investors. Blackswan Equities, representing several international institutions, approached Forge Group to arrange the transaction. Forge Group whose register is dominated by a small number of share holders was happy to facilitate the expansion of its registry. Peter Hutchinson, who had the smallest shareholding of all three directors, sold all of his 581,882 shares but retains 600,000 options; Gregory McRostie sold 694,100 shares but continues to hold 1,000,000 shares; and Andrew Ellison reduced his shareholdings by 1,107,460 shares to 500,000.