EnQuest chief raises stake

Amjad Bseisu, the chief executive of FTSE 250 oil firm EnQuest, has increased his stake in the group after purchasing 678,168 ordinary shares today.

Through Double A Limited, a discretionary trust in which Bseisu's extended family have a "beneficial interest", the director purchased the said shares at 88.74p per share in a transaction worth £601,806.

The purchase has raised the trust's stake in EnQuest from 7.27% to 7.36% and taken the total number of shares under its ownership to 59,051,755.

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The Bseisu family also have a beneficial interest in another trust, Alima Trust, which owns a 1.15% interest in the firm.

EnQuest is an independent oil and gas developer and explorer with a focus on the UK Continental Shelf in the North Sea, an area which it says represents a "significant hydrocarbon basin in a low risk region".

BC

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