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Director dealings: Anglo Pacific CEO lowers stake

Wed, 03rd Jun 2020 16:27

(Sharecast News) - Anglo Pacific revealed on Wednesday that chief executive Julian Tregger had disposed of 270,000 ordinary shares in the London-listed natural resources company via his interest in Kings Chapel International.
Tregger, who took over as CEO back in October 2013, sold the shares on Monday at an average price of 158.00p each, for a total value of £426,600.01.

Back in December, Berenberg lowered its target price on Anglo Pacific from 235p to 213p, noting some investors appeared to be concerned about the company's ability to match the production growth and increased royalty payments stemming from its Kestrel mine.

As of 1650 BST, Anglo Pacific shares were down 4.03% at 157.20p.

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