22nd Jul 2016 16:01
LONDON (Alliance News) - The following is a summary of director dealings reported in London on Friday.
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Faroe Petroleum said members of its board bought shares at a price of 70 pence per share on Tuesday as part of the company's fundraising to back the acquisition of assets in the Norwegian North Sea.
Faroe is acquiring five producing oil and gas fields from DONG E&P Norge AS, a unit of Danish energy group DONG Energy. The London-listed company will purchase a 20% working interest in the Ula field, a 45% working interest in the Tambar field, 37.8% interest in Tambar East Unit, 55% interest in Oselvar and 50% interest in the Trym field.
To back the deal, Faroe raised GBP62.0 million via a share placing.
Chairman John Bentley and Chief Executive Officer Graham Stewart each bought 71,428 shares. Chief Financial Officer Jonathan Cooper bought 25,714 shares and Chief Operating Officer Helge Hammer bought 42,857 shares. In addition, non-executive directors Tim Read and Jorunn Saetre bought 50,000 and 28,571 shares respectively.
The oil and gas stock closed up 1.1% at 73.25p Friday.
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Ariana Resources said it has raised GBP445,000 to back its current drilling programme at the Kiziltepe area of the Red Rabbit gold and silver project in western Turkey.
Ariana has issued 29.6 million shares at 1.5p per share and said the fundraising has been supported by existing and new investors.
Ariana said Managing Director Kerim Sener, Executive Chairman Michael de Villiers and Chief Financial Officer William Payne have agreed to subscribe for a total of 2.1 million of the shares being issued.
De Villiers bought 1.1 million shares, taking his total holding to 26.1 million shares or a 3.1% stake. Sener bought 666,667 shares, taking his holding to 13.1 million shares or a 1.6% stake, while Payne bought 333,333 shares, taking his holding to 4.8 million shares or a 0.6% stake.
Shares in the company closed down 8.8% to 1.48p Friday.
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Severfield said Chairman John Dodds bought 100,000 shares at a price of 49.25p per share on Thursday. Dodds' total shareholding was undisclosed. Shares in the structural steelwork company closed up 2.2% at 49.30p Friday.
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Caledonia Investments said Non-Executive Director Charles Gregson bought 1,000 shares at a price of GBP23.36 each on Thursday. The stock closed up 0.5% at 2,326.00p Friday.
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James Cropper said Chairman Mark Cropper bought 5,000 shares at a price of 755p per share on Friday. After the purchase, Cropper holds a beneficial interest in 1.2 million shares, or a 13.4% stake. He also holds a non-beneficial interest in 559,571 shares. Shares in the specialist paper manufacturer closed up 6.9% at 823.00p Friday.
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Zegona Communications said two of its senior executives bought shares on Thursday. Chief Financial Officer Howard Kalika bought 10,730 shares at 115p each and Chief Operating Officer Robert Samuelson bought 8,500 shares at 114.5p each. Their total shareholdings were undisclosed. Shares in the telecommunications company closed up 0.4% at 114.40p Friday.
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Value & Income Trust said the AIL Pension Scheme of Joint Investment Manager Matthew Oakeshott bought 25,000 shares at a price of 233p per share on Thursday. Following this transaction, the AIL Pension scheme holds 450,000 shares, or a 0.99% stake in the trust. The stock closed down 2.2% at 232.80p Friday.
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By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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Related Shares:
Faroe Petroleum Plc