21st Aug 2014 13:47
LONDON (Alliance News) - Miner Kazakhmys PLC Thursday said that Chief Financial Officer Andrew Southam bought 39 partnership shares via a share incentive plan, at a price of 316 pence per share on August 14.
Southam now holds a total of 22,658 shares.
Kazakhmys shares were trading 5.7% lower at 291.30 pence Thursday, after the company earlier said it pretax loss narrowed in the first-half due to lower write-offs and impairment charges and as its cost cutting programme and efficiency improvements offset lower metals prices and boosted margins. However, revenue fell as it reduced its output at several higher cost, lower grade operations as part of its restructuring programme.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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