Fortescue Metals Group non-executive director Russell Scrimshaw has reduced his interest in the iron ore miner by selling 500,000 shares on-market for $3 million. His holdings in FMG now stand at 7.6 million shares worth $45.5 million.
Perseus Mining executive director Rhett Brans has exercised 600,000 options to acquire shares at a cost of $1 each, bringing his total stake in the gold explorer to 1.45 million shares. With Perseus’ shares currently trading at $2.44 each, Mr Brans’ stake is valued at over $3.5 million.