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Director dealings: Energean CEO sells 5m shares to institutional investors

(Sharecast News) - Energean found itself on both sides of the ledger on Friday, after it disclosed transactions linked to both its chief executive officer and its chair. The FTSE 250 company said Growthy Holdings, owned by CEO Mathios Rigas, sold five million shares in the company on Thursday, in an accelerated bookbuild with institutional investors.

Growthy sold the shares for 1,106p each, netting it a total of £55,300,002.10 for the 2.8% holding in Energean.

"Mr Rigas remains fully committed to the business and is confident in the outlook for Energean," the board said in its statement to the market.

"Following completion of the Sale, Mr Rigas will remain a significant shareholder in Energean owning - directly or indirectly- approximately 15 million shares of the company, representing approximately 8.5% of the company's issued share capital."

One of the investors involved in purchasing the shares was Energean's chair Karen Simon, the firm said in a separate disclosure.

Simon bought 34,000 shares for the 1,106p price, spending a total of £376,040.01.

Reporting by Josh White at Sharecast.com.

Top Director Buys

Assetco (ASTO) Director name: Mills,Christopher Amount purchased: 80,114 @ 720.00p Value: £576,820.78

Energean (ENOG) Director name: Simon,Karen Amount purchased: 34,000 @ 1,106.00p Value: £376,040.01

Wickes Group (WIX) Director name: Wood,David Amount purchased: 58,523 @ 170.00p Value: £99,489.10

Assetco (ASTO) Director name: Fleming,Campbell Amount purchased: 8,330 @ 723.00p Value: £60,225.90

Assetco (ASTO) Director name: McKellar,Peter Amount purchased: 8,330 @ 723.00p Value: £60,225.90

Assetco (ASTO) Director name: Dawson,Jonathan Amount purchased: 8,330 @ 723.00p Value: £60,225.90

Assetco (ASTO) Director name: Gilbert,Martin J Amount purchased: 8,330 @ 723.00p Value: £60,225.90

Discoverie Group (DSCV) Director name: Gibbins ,Simon Amount purchased: 3,297 @ 601.01p Value: £19,815.30

Discoverie Group (DSCV) Director name: Jefferies,Nicholas Amount purchased: 3,297 @ 601.01p Value: £19,815.30

Fireangel Safety Technology Group (FA.) Director name: Conoley,John Amount purchased: 45,446 @ 10.98p Value: £4,989.97

Top Director Sells

Energean (ENOG) Director name: Rigas,Matthaios Amount sold: 5,000,000 @ 1,106.00p Value: £55,300,002.10

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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.

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