Desmond ups Mountain Province holding to 30%

Desmond ups Mountain Province holding to 30% View Gallery

Son Brett joins board of Canadian diamond firm

Dermot Desmond has pushed his holding in Mountain Province Diamonds to nearly 30 per cent, and appointed his son Brett to the board of the Canadian company.

Last week, Dermot Desmond increased his stake to more than 62 million shares – 29.7 per cent of the company - worth CAN$90.5 million at the latest share price. His son, meanwhile, holds 352,625 shares worth CAN$493,675.

Brett Desmond’s appointment to the board will be ratified at the company’s annual general meeting on...

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