Forrest boosts his stake in Fortescue

Original article by Melissa Yeo
The Weekend Australian – Page: 24 : 29-Feb-20

Fortescue Metals Group has advised that chairman and founder Andrew Forrest bought more than 22 million shares in the pure-play iron ore miner between 20 and 27 February. Forrest paid some $242m to lift his stake in Fortescue from 30 per cent to about 36 per cent. Forrest will receive $828m in dividends for the first half of 2019-20 after Fortescue recently announced an interim dividend of $0.76 per share.


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