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
-
Stop inheritance tax perk on pensions, says IFSThe government could raise billions of pounds in revenue by closing inheritance tax loopholes, such as on pensions and AIM shares. Is your pension at risk?
-
Revealed: Best buy-to-let property hotspots in the UKLooking for the best buy-to-let property locations in the UK? We reveal the top 10 postcodes with the strongest rental returns
