16th Jan 2014 11:21
LONDON (Alliance News) - IGas Energy PLC Thursday said Chief Executive Officer Andrew Austin purchased 300,000 shares at a price of 135.38p pence each, or GBP406,140 in total.
In order to fund the acquisition, Austin entered into a loan facility, transferring up to 7.5 million IGas shares as security. Following this transaction, he holds 11 million shares, which represents 5.41% of the issued share capital.
Shares in the oil and gas company were quoted at 132.12p, up 0.1% Thursday morning.
By Arvind Bhunjun; [email protected]; @arvindbhunjun
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