12th Apr 2019 10:48
LONDON (Alliance News) - Rose Petroleum PLC on Friday said Chief Executive Matthew Idiens bought 2.0 million shares at an average price of 1.75 pence per share on Thursday.
Shares in Rose Petroleum were up 5.2% at 1.74 pence in early trade.
Following the GBP35,000 deal, Idiens holds a beneficial interest in 3.6 million shares or a 2.5% stake.
Chief Financial Officer Chris Eadie also bought shares on the same day. He purchased the 945,600 shares for GBP15,792 at an average of 1.67p each, taking his total beneficial interest to 1.7 million shares or a 1.2% stake.
Tom Reynolds, a proposed non-executive director, bought 731,694 shares at an average price of 1.715p each, again on Thursday. The GBP12,240 deal represents his entire holding.
On Thursday, the company said it raised GBP275,000, through a subscription for 25 million shares by Robert Bensh at 1.1 pence each. Bensh is to become the company's new chair.
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