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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
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
NR
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
-
What does Rachel Reeves’s plan for growth mean for UK investors?Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
