Active Energy CEO buys new shares

The chief executive of Active Energy Group increased his stake, the timber company said on Tuesday.Richard Spinks bought 300,000 new shares for an individual price of 5.5p, spending a total of £16,500.Following the transaction, Spinks holds 9.79m shares in the group, which represent 1.75% of its issued share capital.The company said this month it remains confident of its latest forestry venture's legal validity.The venture, which will be carried out with a native group from Canada, comes as Alberta's Ministry of Aboriginal Affairs is due to rule on breaches of the Metis Settlements Act by AEG's partners in the next month.However, the group assured investors that its partners had acted in accordance with the act's legislation and predicted that moves to assess assessment bids from companies interested in forestry land would go ahead without interruption.The stock has risen by over 80% since the start of the year.Top Director BuysOxford Biomedica (OXB) Director name: Mr Martin Diggle Amount purchased: 775,000 @ 8.91p Value: £69,052Charles Stanley Group (CAY) Director name: Mr Paul AbberleyAmount purchased: 12,000 @ 383.50p Value: £46,020Magnolia Petroleum (MAGP) Director name: Mr Thomas Wagenhofer Amount purchased: 2,857,142 @ 0.70p Value: £20,000Active Energy Group (AEG) Director name: Mr Richard George SpinksAmount purchased: 300,000 @ 5.50p Value: £16,500Aberforth Smaller Companies Trust (ASL) Director name: Mr S Paul Trickett Amount purchased: 1,320 @ 1,189.32p Value: £15,699Top Director SellsQinetiQ Group (QQ.) Director name: Mr David MellorsAmount sold: 117,173 @ 226.57p Value: £265,479