23rd Nov 2015 11:16
LONDON (Alliance News) - Oil and gas explorer SOCO International PLC on Monday said Non-Executive Chairman Rui de Sousa bought shares in the company on Wednesday last week.
SOCO said de Sousa bought 200,000 SOCO shares at 149.897 pence per share.
He now owns 9.6 million SOCO shares, or 2.9% of its issued share capital.
The share purchase was made the same day the company firmed up the low end of its production guidance for 2015 but saw its shares fall as it said initial production from the H5 wellhead platform at the Te Giac Trang field in Vietnam has been below its expectations.
Shares in SOCO were up 0.9% to 140.00 pence on Monday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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