27th Nov 2015 09:47
LONDON (Alliance News) - Onshore gas explorer IGas Energy PLC on Friday said Chief Financial Officer Julian Tedder has bought his first shares in the company.
IGas said it was informed about the transaction on Friday but did not specify when the transaction took place. Tedder bought 140,000 shares at 17.4 pence per share.
Tedder joined IGas at the end of September, having worked in a senior management role at British Gas-owner Centrica PLC in the past and from his role as the general manager of finance at Tullow Oil PLC, the mid-cap oil and gas company.
On Wednesday, IGas said it swung to a substantial pretax loss in the first half due to plunging revenue and goodwill charges it booked as a result of lower oil prices.
Shares in IGas were up 7.1% to 18.48p on Friday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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