Geopark director increases stake
A round-up of the biggest director deals today so far.
Non-executive director Juan Cristobal Pavez has spent more than £625,000 in Latin American oil and gas exploration and production company Geopark Holdings.
Pavez, who joined the board in 2008, purchased 130,500 shares at 480p each in a move that brings his total to 2,164,594, a 5.1% stake in the company.
Along with four colleagues, Pavez, who is also a board member of Grupo Security, Vida Security and Quintec, was last month paid 653 shares at 668.92p in lieu of director's fees and benefits.
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In the past year GeoPark has seen its share price fall 25.2%, eqivalent to 160p.
The company was recently awarded three "highly prospective" blocks in Tierra del Fuege, Chile, in return for a minimum investment of $101m.
The firm also sold a further 10% interest in its Chilean business for $78m to LG International, which followed another 10% interest it sold in May for $70m.
Earlier this year the company announced a return to profit, after benefitting from rising oil prices and higher production volumes.
Top Director Buys
Geopark Holdings Ltd. (GPK)
Director name: Mr Juan Cristobal Pavez
Amount purchased: 130,500 @ 480.00p
Value: £626,400
Ubisense Group Plc (UBI)
Director name: Mr Richard Green
Amount purchased: 75,000 @ 192.90p
Value: £144,675
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