Salamander chief executive buys into weakness

Salamander Energy founder and chief executive James Menzies has spent £41,000 on shares in the south-east Asia-focused oil and gas group.

He bought 20,000 shares at 205p a pop.

Menzies may have been tempted by the fall in Salamander's share price since he last opened his wallet, buying the same number of shares at 269.5p a time. The share price fall is in line with declines across the oil sector amid a worsening global economic outlook.

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Menzies spent most of his career with LASMO, an independent exploration and production company, first as a geophysicist in the UK North Sea exploration team and later in Vietnam and Indonesia.

Top Director Buys

Salamander Energy (SMDR)

Director name: Mr James Menzies

Amount purchased: 20,000 @ 205.00p

Value: £41,000

Global Energy Development (GED)

Director name: Mr David P Quint

Amount purchased: 10,000 @ 106.00p

Value: £10,600

Top Director Sells

Pearson (PSON)

Director name: Ms Marjorie Scardino

Amount sold: 57,224 @ 1,168.90p

Value: £668,891

Dunelm Group (DNLM)

Director name: Mr David Stead

Amount sold: 90,000 @ 465.10p

Value: £418,590

Pearson (PSON)

Director name: Mr Will Ethridge

Amount sold: 22,780 @ 1,168.90p

Value: £266,275

Pearson (PSON)

Director name: Ms Rona A Fairhead

Amount sold: 18,944 @ 1,168.90p

Value: £221,436

Pearson (PSON)

Director name: Mr John Makinson

Amount sold: 18,944 @ 1,168.90p

Value: £221,436

Pearson (PSON)

Director name: Mr Robin Freestone

Amount sold: 16,915 @ 1,168.90p

Value: £197,719