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Director dealings: Challenger Energy chairman ups stake

(Sharecast News) - Challenger Energy revealed on Monday that chair Iain McKendrick had acquired 35.45m ordinary shares in the AIM-listed oil and gas company. McKendrick, who formerly served as the chairman of Iona Energy, purchased the shares on Friday at an average price of 0.14p each, for a total value of £49,750.24.

Following the transaction, McKendrick holds a total of 84.45m ordinary Challenger shares, representing approximately 0.8% of the company's issued share capital.

As of 1600 BST, Challenger shares were down 0.36% at 0.14p.

Reporting by Iain Gilbert at Sharecast.com

Top Director Buys

Pearson (PSON) Director name: Kordestani,Omid Amount purchased: 7,259 @ $12.47 Value: $74,642.54

Challenger Energy Group (CEG) Director name: McKendrick,Iain Amount purchased: 35,459,904 @ 0.14p Value: £49,750.24

(ART) Director name: Hunter,Mark Roderick Amount purchased: 124,260 @ 38.50p Value: £47,840.10

Pearson (PSON) Director name: Pitkethly,Graeme Amount purchased: 1,611 @ 985.20p Value: £15,871.57

Pearson (PSON) Director name: Coutu,Sherry Amount purchased: 957 @ 985.20p Value: £9,428.36

Pristine Capital (PRIS) Director name: Sinclair,Neil Amount purchased: 800,000 @ 0.55p Value: £4,400.00

Pearson (PSON) Director name: Wallen,Lincoln Amount purchased: 430 @ 985.20p Value: £4,236.36

Pearson (PSON) Director name: Lee,Esther Amount purchased: 389 @ $12.47 Value: $3,999.99

Pearson (PSON) Director name: Thomas,Annette Amount purchased: 383 @ 985.20p Value: £3,773.32

Pearson (PSON) Director name: Hardiman ,Alex Amount purchased: 323 @ $12.47 Value: $3,321.33

Pearson (PSON) Director name: Dolan,Alison Amount purchased: 298 @ 985.20p Value: £2,935.90

Mortgage Advice Bureau (holdings) (MAB1) Director name: Imlach,Nathan James McLean Amount purchased: 254 @ 835.00p Value: £2,120.90

Top Director Sells

Halma (HLMA) Director name: Ronchetti,Marc Amount sold: 7,162 @ 2,680.00p Value: £191,941.59

Halma (HLMA) Director name: Ward,Jennifer Amount sold: 5,738 @ 2,680.00p Value: £153,778.40

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.