28th Sep 2015 09:21
LONDON (Alliance News) - Kurdistan-focused oil producer Genel Energy PLC Monday said Chairman Tony Hayward sold 150,000 shares at a price of GBP3.084349 per share Wednesday.
The deal is worth about GBP450,000 gross.
Following this transaction, Hayward holds 1.5 million shares, which represents 0.597% stake in the firm.
Hayward, having previously been chief executive of Genel, replaced previous chairman Rodney Chase, who resigned from the company in July. Hayward, the former chief executive of BP PLC who was at the helm of the oil giant at the time of the Gulf of Mexico oil spill in 2010, led a reverse takeover of Genel in 2011 via the Vallares investment vehicle, set up by him, financier Nat Rothschild and banker Julian Metherell.
The stock was down 2.1% at 283.00p Monday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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