LONDON (Alliance News) - Volga Gas PLC said Wednesday that independent non-executive director Stephen Ogden had purchased 100,000 shares at 85 pence from a company connected to his fellow independent non-executive director Vladimir Koshcheev in an off-market deal.
Ogden purchased the shares from Vlarenhill Limited, a company connected to Koshcheev, in a transaction that took place Tuesday.
Following the transaction, Ogden holds 205,000 shares, equal to less than 1% of the company.
Vlarenhill holds 775,000 shares, equal to 1.1% of Volga. Koshcheev's beneficial interest in 519,210 Volga shares is unchanged by the transaction.
Shares in Volga were trading up 3.1%, or 2.70 pence, Wednesday morning, at 88.70p.
By Philip Nye; philipnye@alliancenews.com
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