Ophir Energy director makes massive sale

Rajan Tandon, a Non-Executive Director of FTSE 250 African energy firm Ophir, has ditched 10m shares in the firm, cashing in on the recent surge in its share price.

The director sold the shares for 500p for a total of £50m.

The sale comes just days after the company's share price leapt on the back of a record gas discovery off the coast of Tanzania. The firm said the 4.5tr cubic feet (TCF) of gas discovery at its Jodari-1 well, exceeded pre-drill estimates by 55%.

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The find marked the fourth consecutive gas discovery in the area for the joint venture between Ophir and BG Group - and the largest by Ophir in its history.

Ophir first listed in London in July 2011. Since then the shares have more than doubled in price.

Top Director Buys

Lonmin (LMI)

Director name: Dr Deenadayalan (Len) Konar

Amount purchased: 1,500 @ 1,032.86p

Value: £15,493

Polo Resources Ltd. (DI) (POL)

Director name: Mr Neil Lindsey Herbert

Amount purchased: 2,000,000 @ 3.30p

Value: £66,000

Shanks Group (SKS)

Director name: Mr Peter Dilnot

Amount purchased: 59,500 @ 98.40p

Value: £58,548

Songbird Estates (SBD)

Director name: Mr Alexander Heini Philip Midgen

Amount purchased: 44,500 @ 112.00p

Value: £49,840

Kenmare Resources (KMR)

Director name: Ms Elizabeth Headon

Amount purchased: 48,773 @ 50.23p

Value: £24,499

Songbird Estates (SBD)

Director name: Mr Alexander Heini Philip Midgen

Amount purchased: 22,000 @ 115.00p

Value: £25,300

Vislink (VLK)

Director name: Mr Oliver Ellingham

Amount purchased: 67,000 @ 32.50p

Value: £21,775

Hiscox Ltd. (HSX)

Director name: Ms Andrea Rosen

Amount purchased: 4,952 @ 393.78p

Value: £19,500

Hiscox Ltd. (HSX)

Director name: Mr Ernst Jansen

Amount purchased: 4,574 @ 393.78p

Value: £18,011

Pearson (PSON)

Director name: Mr Ken J Hydon

Amount purchased: 1,006 @ 1,170.00p

Value: £11,770

Top Director Sells

Prudential (PRU)

Director name: Mr Barry Stowe

Amount sold: 204,650 @ 749.89p

Value: £1,534,650

Aberdeen Asset Management (ADN)

Director name: Mr Martin J Gilbert

Amount sold: 300,000 @ 257.00p

Value: £771,000

Signet Jewelers Ltd. (SIG)

Director name: Mr Rob Anderson

Amount sold: 8,183 @ 3,082.15p

Value: £252,212

Aegis Group (AGS)

Director name: Mr Harold Mitchell

Amount sold: 100,000 @ 182.38p

Value: £182,380

Aegis Group (AGS)

Director name: Mr Harold Mitchell

Amount sold: 100,000 @ 181.30p

Value: £181,300

GW Pharmaceuticals (GWP)

Director name: Dr Stephen Wright

Amount sold: 140,000 @ 87.00p

Value: £121,800

Travis Perkins (TPK)

Director name: Mr Paul N Hampden Smith

Amount sold: 3,000 @ 1,039.04p

Value: £31,171

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