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Pin to quick picksGlobal Petroleum Share News (GBP)

Share Price Information for Global Petroleum (GBP)

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Share Price: 0.0725
Bid: 0.07
Ask: 0.075
Change: -0.0075 (-9.38%)
Spread: 0.005 (7.143%)
Open: 0.08
High: 0.08
Low: 0.0725
Prev. Close: 0.08
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Aberdeen directors fund tax bill

Tue, 19th Jan 2010 16:50

Fund manager Aberdeen Asset Management's three executive directors have all sold shares awarded under the deferred share award plan in order to finance their tax bill relating to the award.Chief executive Martin Gilbert raised £416,370 by selling shares at 132p each. Finance director Bill Rattray and deputy chief executive Andrew Laing each raised £43,621 from their sale. The three men were forced to forfeit some incentive shares last December because Aberdeen's performance had not met targets. Last week, Aberdeen announced plans to acquire assets and contracts relating to RBS Asset Management. The assets under management are worth £13.5bn and they generate annual operating profit of £10m. Aberdeen will pay £84.7m in cash and the deal should be completed before the end of the first quarter of 2010. The deal is being funded by a £119m placing at 132p a share. Top Director BuysGartmore Irish Growth (GIR) Director name: Mr Patrick CunneenAmount purchased: 5,000 @ 680.00p Value: £34,000Global Petroleum (GBP) Director name: Mr Peter TaylorAmount purchased: 92,233 @ 11.07p Value: £10,210Top Director SellsAberdeen Asset Management (ADN) Director name: Mr Martin J GilbertAmount sold: 315,432 @ 132.00p Value: £416,370Global Petroleum (GBP) Director name: Mr Peter TaylorAmount sold: 400,000 @ 11.24p Value: £44,960Global Petroleum (GBP) Director name: Mr Peter BlakeyAmount sold: 400,000 @ 11.24p Value: £44,960Aberdeen Asset Management (ADN) Director name: Mr Bill RattrayAmount sold: 33,046 @ 132.00p Value: £43,621Aberdeen Asset Management (ADN) Director name: Mr Andrew Arthur LaingAmount sold: 33,046 @ 132.00p Value: £43,621
More News
11 Mar 2015 10:14

Global Petroleum Loss Widens In First Half On Foreign Exchange Hit

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29 Jan 2015 10:42

Global Petroleum Pushing On Permits As It Seeks New Acquisitions

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31 Oct 2014 11:03

Global Petroleum Thinks It Will Struggle To Find Partner In Namibia

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30 Sep 2014 09:40

Global Petroleum Widens Loss, Expects To Grow Through Acquisitions

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4 Sep 2014 07:31

Global Petroleum Subsidiary Agrees Namibia Licence Extension

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31 Jul 2014 11:34

Global Petroleum Moves Ahead With Offshore Exploration Applications

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16 Jun 2014 10:50

Global Petroleum Remains Optimistic In Potential Of Namibian Blocks

LONDON (Alliance News) - Global Petroleum Ltd Monday said it remains optimistic about the potential of its Namibian oil exploration blocks given the technical differentiation between the prospectivity on its blocks and the target drilled at Welwitschia-1A well, which has been recently plugged and

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30 Apr 2014 15:27

Global Petroleum Applies For Offshore Italian Exploration Areas

LONDON (Alliance News) - Global Petroleum Limited said Wednesday it has applied for four exploration areas offshore Italy as the company works to diversify its portfolio of projects. In a quarterly report for the period to March 31, 2014, the firm said it has applied to the Italian Ministry

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31 Mar 2014 16:00

SOCO Chairman buys shares after recent stock weakness

Rui de Sousa, the long-running Non-Executive Chairman of SOCO International, has raised his stake through the purchase of 50,000 shares, taking advantage of the recent slump in the oil and gas explorer's share price. De Sousa, who has been on the board of the FTSE 250 firm since 1999, snapped up th

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31 Mar 2014 08:50

DIRECTOR DEALINGS: Global Petroleum Chairman Buys 530,000 Shares

LONDON (Alliance News) - Global Petroleum Limited PLC Monday said Chief Executive Officer Peter Hill bought 530,000 shares at a price of 6.46 pence per share Friday. Following this transaction, Hill now holds 710,000 shares, which represents 0.35% of the company's issued share capital.

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12 Mar 2014 10:28

Global Petroleum Swings Back To Loss, Costs Increase

LONDON (Alliance News) - Global Petroleum Ltd Wednesday said it swung to a loss in 2013 after 2012 was boosted by a tax gain. The company reported a loss from continuing operations of USD1.6 million in 2013, compared with a profit of USD254,681 a year earlier when it booked a USD1.4 million

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10 Feb 2014 10:49

Global Petroleum Progresses Applications Offshore Italy, Appoints Non-Executive Chairman

LONDON (Alliance News) - Global Petroleum Ltd Monday said its permit applications in the Southern Adriatic offshore Italy are progressing. The oil and gas exploration company, recently focused on emerging plays in Africa and the Mediterranean, said that over the past year it has reviewed a

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7 Nov 2013 12:42

Thursday broker round-up

Afren: Liberum Capital takes target price from 136p to 197p and upgrades to buy. African Minerals: Liberum Capital cuts target price from 423p to 410p, while staying with its buy recommendation. Canaccord Genuity reduces target price from 400p to 345p leaving its buy recommendation unchanged. Alen

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31 Oct 2013 12:51

Global Petroleum Finds Water Wet Oil Reservoir During Third Quarter

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31 Oct 2013 08:52

Thursday broker round-up UPDATE

African Barrick Gold: Deutsche Bank ups target price from 145p to 190p and retains its hold recommendation. HSBC takes target price from 170p to 200p keeping a neutral rating. JP Morgan raises target price from 140p to 180p and reiterates a neutral rating. Balfour Beatty: Berenberg increases target

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