11/07/2012 - 09:46

Directors' Interests

11/07/2012 - 09:46

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Directors' Interests

Fleetwood Corporation non-executive director Greg Tate has disposed of 400,000 shares off-market to raise $4.7 million. He retains a stake of 6.5 million shares in the mobile accommodation manufacturer that is currently worth $79 million.

Aurora Oil & Gas executive chairman Jonathan Stewart has acquired 400,000 shares in the company at a cost of $1.4 million, as part of a placement in which all Aurora directors participated. Mr Stewart now has 18.8 million shares in US-focused shale oil & gas explorer and producer currently worth almost $60 million. Aurora has made a $107 million unconditional on-market cash offer for Eureka Energy, which operates in the same liquid rich Eagle Ford shale basin, and Mr Stewart has recently been made a director on the Eureka board.

Beadell Resources managing director Peter Bowler has exercised 2 million options to acquire shares at a cost of 42.5 cents each, increasing his stake in the Brazilian gold explorer to 14.5 million shares. With Beadell’s shares currently trading at 65.5 cents each, his stake is valued at $9.5 million.

Fortescue Metals Group non-executive chairman Andrew Forrest has purchased a further 6 million shares at a cost of $29 million, the third time he has shored up his holdings in the WA iron ore miner in the last couple of weeks. This brings his stake in Fortescue to 1.01 billion shares currently worth $4.9 million.

STANDING BY BUSINESS. TRUSTED BY BUSINESS.

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