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.
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Songbird Estates (SBD)
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GW Pharmaceuticals (GWP)
Director name: Dr Stephen Wright
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