Iluka Resources managing director David Robb has sold almost 300,000 shares raising $4.9 million “to meet tax liabilities and for financial planning purposes”. Iluka’s board has also approved the awarding of 250,000 share rights to Mr Robb under the terms of his long-term incentive plan. The share rights will vest as ordinary shares and be transferred to Mr Robb in March 2015. In addition, Mr Robb will receive 52,332 shares under the terms of his short-term incentive plan.
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