Whitehaven shares have dropped by 60% in the last 12 months and yesterday closed at 60c.
The Appendix 3Y statement sent to the Australian Securities Exchange reveals that, on 14 December 2015, HSBC Custody Nominees (Australia) Limited, which is a custodian for HFTT Pty Ltd as trustee for the Haggarty Family Trust, now owns 735,506 ordinary shares.
This is on top of the 41,918 shares Haggarty owns directly and the 20,018,869 ordinary shares owned by HFTT Pty Ltd as trustee for the Haggarty Family Trust.
Haggarty was appointed to the board of Whitehaven on 3 May 2007 and was appointed managing director on 17 October 2008.
He was co-founder and managing director of Excel Coal from 1993 to 2006. Prior to this, he worked for BP Coal and BP Finance in Sydney and London, and for Agipcoal as the managing director of its Australian subsidiary.