Northern Petroleum Chairman increases stake in company
Chairman of Northern Petroleum, Richard Latham, has purchased 5,000 shares in the company at 48.5p each, a statement revealed Friday.
Chairman of Northern Petroleum, Richard Latham, has purchased 5,000 shares in the company at 48.5p each, a statement revealed Friday.
Latham now holds 967,477 shares - which equates to 1.01% of the issued share capital of the company - following the transaction Wednesday.
Non-Executive Director, Dr Rex Gaisford, has also taken up shares in the company. He bought 50,000 ordinary shares at 48.75p each on Thursday.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Gaisford's acquisition pushes his issued share capital up 0.08% to 73,500 shares. His holding includes 11,000 shares acquired on September 14th at 91.1p each, which were not previously disclosed.
The directors of the company's aggregate beneficial shareholding includes 3,604,461 ordinary shares, representing 3.78% of the issued capital.
The UK oil and gas company, which has a market capitalisation of £53.40m, holds more than 40 licences in a number of low risk areas.
The organisation said it would continue in its strategy of securing value for its shareholders. Shares rose 0.91% to 55.25p at 10:30 Friday.
RD
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Woodside Energy: an undervalued energy play
Woodside Energy offers a cheap way to invest in the growth of the global LNG market. Should you invest?
By Rupert Hargreaves Published
-
The best properties for sale for around £500,000
Properties for sale for around £500k – from a Grade II-listed former rectory in County Durham to an early 19th-century chateau in southwest France.
By Natasha Langan Published