24th Jan 2014 10:24
LONDON (Alliance News) - Cairn Energy PLC said Non-Executive Director Alexander Berger bought 2,372 shares in the company at a price of 257.5 pence per share on Friday.
The oil and gas exploration company said Berger now holds 13,351 shares in the company.
The purchase was made on Berger's behalf as part of an agreement to receive all of his fees in the form of shares.
Cairn Energy shares were down 4.9% to 249.40 pence, after also saying Friday that it had been contacted by Indian tax authorities about past tax assessments.
By Tom McIvor; [email protected]; @TomMcIvor1
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