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Director dealings: Contango founder raises stake

(Sharecast News) - Contango Holdings revealed on Thursday that non-executive director Oliver Stansfield had acquired 4.8m ordinary shares in the London-listed mineral resources firm. Stansfield, on of Contango's founders, purchased the shares on Wednesday at an average price of 0.80p, for a total value of £38,426.67.

Following the transaction, Stansfield holds 18m ordinary Contango shares, representing approximately 2.4% of the company's voting rights.

As of 1550 BST, Contango shares were up 6.67% at 0.80p.

Reporting by Iain Gilbert at Sharecast.com

Top Director Buys

Coca-cola Hbc Ag (cdi) (CCH) Director name: Lekkas,Pantelis Amount purchased: 10,000 @ 3,450.00p Value: £345,000.00

Trustpilot Group (TRST) Director name: Blair,Adrian Amount purchased: 74,300 @ 200.83p Value: £149,217.35

Coca-cola Hbc Ag (cdi) (CCH) Director name: Pantzaris,Stavros Amount purchased: 3,000 @ 39.96 Value: 108,000.00

Trustpilot Group (TRST) Director name: Blair,Adrian Amount purchased: 49,623 @ 200.25p Value: £99,369.91

Forterra (FORT) Director name: Lingwood,Nigel Amount purchased: 50,000 @ 179.80p Value: £89,900.00

Sig (SHI) Director name: Vervaat,Petrus R M Amount purchased: 500,000 @ 8.90p Value: £44,500.00

Contango Holdings (CGO) Director name: Stansfield,Oliver Amount purchased: 4,803,334 @ 0.80p Value: £38,426.67

Sabre Insurance Group (SBRE) Director name: Neave ,David Amount purchased: 11,625 @ 130.61p Value: £15,183.41

Churchill China (CHH) Director name: Moore,Mark Amount purchased: 730 @ 360.00p Value: £2,628.00

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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.