12 Oct 2015 10:35
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Don't have an account? Click here to register.Dragon Oil's CEO tops up stake
Tue, 09th Oct 2012 16:11
Abdul-Jaleel Al-Khalifa, the Chief Executive Officer of Dragon Oil, an international oil and gas exploration, development and production company, added 3,527 shares to his stake in the company on Monday. The CEO, who has held the role since 2008, paid 525.09p per share, handing over a total of £18,520, Tuesday's announcement said.The director now holds 8,241 shares in the company. The stock has performed well in the past year, gaining almost 27%, or 127.50p, the majority of which was achieved since early June, when it launched a $200m share buyback programme. The programme allowed as much as 5% of the issued share capital to be purchased. Speaking at the time, the cash-rich company which has production assets off Turkmenistan, said the programme offers "an efficient route to return surplus cash resources to shareholders" and "will not impact upon the group's ability to grow production organically to reach its stated production targets". Top Director BuysBlackRock Smaller Companies Trust (BRSC) Director name: Mr Robert Sinclair RobertsonAmount purchased: 10,000 @ 529.50p Value: £52,950Synety Group (SNTY) Director name: Mr Simon CleaverAmount purchased: 50,000 @ 82.00p Value: £41,000PureCircle Ltd. (DI) (PURE) Director name: Mr Tan Boon SengAmount purchased: 10,000 @ 213.50p Value: £21,350PureCircle Ltd. (DI) (PURE) Director name: Mr Peter Lai Hock MengAmount purchased: 9,000 @ 215.00p Value: £19,350Incadea (INCA) Director name: Mr David CotterellAmount purchased: 20,000 @ 96.62p Value: £19,324Dragon Oil (DGO) Director name: Mr Abdul-Jaleel Al-KhalifaAmount purchased: 3,527 @ 525.09p Value: £18,520NR
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