Fortescue Metals Group non-executive chairman Andrew Forrest has bought another $43 million worth of shares in the Western Australian iron ore miner, taking his total spend on FMG stock last week to more than $100 million. The transactions are understood to be part of an attempt by Mr Forrest to breathe life into FMG’s flagging share price, which has fallen 19 per cent over the past three months. Mr Forrest now holds more than one billion shares in the company, with his stake estimated to be worth around $4.9 billion.
Decmil non-executive director Denis Criddle has exercised 625,000 options at $1 each to acquire shares in the engineering construction group. With Decmil’s shares currently trading at $2.59 each, this brings his stake to 22.2 million shares worth $57.6 million.
RCR Tomlinson managing director Paul Dalgleish has exercised 140,990 39-cent options to acquire shares in the engineering company, increasing his stake to 1.1 million shares. At RCR’s current trading price of $1.74 a share, his stake is valued at almost $2 million.
