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Directors’ Interests

GRD Ltd’s former executive chairman and current non-executive director, Brettney Fogarty, has reduced his stake in the company by offloading 20 million shares worth $47 million in an on-market trade. He retains an indirect interest of 569,844 shares worth about $1.3 million (at a share price of $2.37 per share). The sale is the third major transaction Mr Fogarty has made since last November, when he sold 17 million shares to net $31.8 million. In March, he sold a further 20 million shares, to earn $42 million. Summit Resources Ltd director Lindsay Colless has sold his entire shareholding of more than 1.7 million shares at a value of $10 million, through a series of on-market trades.

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