CLOUGH Limited board members Harold and Jock Clough have sold down their indirect interest in the company to South African-based shareholder Murray & Roberts. As a result of an off-market transaction between the Clough family company McRae Holdings, completed earlier this month, the father and son have reduced their directors’ interest in the company by $30 million. Warren Gilmour, chairman of Fremantle-based minerals explorer Andean Resources, has increased his indirect stake in the company as a result of entitlements, along with fellow board members Gavin Thomas and Vincent Masterton-Hume. An entity associated with Mr Gilmour has added nearly 474,000 shares in the company, worth over $73,000, while interests associated with Mr Thomas and Mr Masterton-Hume each built on their holdings by almost 308,000 shares, worth $47,000.
