ENRC chairman sells 25% of his stake
A round-up of the biggest director deals today so far.
Johannes Sittard, chairman and non-executive director of Kazakhstan-based mining giant Eurasian Natural Resources Corp (ENRC), has sold a quarter of his stake in the company to raise £1.68m.
He offloaded 150,000 ordinary shares at 1,120p each, which leaves him 450,000 ordinary shares, equal to 0.035% of ENRC.
Sittard began his career as an Assistant Professor at the Institute for Iron and Steel at a German university in the 1970s. Prior to joining ENRC in 2001, he was the president and CEO of Mittal Steel Company (then known as ISPAT International).
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
While shares in the company dropped 1.3% Thursday, they have gained 12% over the last month.
Top Director Buys
Frontier Mining Ltd. (DI) (FML) Director name: Mr William D.R. EpplerAmount purchased: 500,000 @ 6.00p Value: £30,000
British Land Co (BLND) Director name: Mr Clive Adam CowderyAmount purchased: 2,083 @ 531.00p Value: £11,061
Top Director Sells
Eurasian Natural Resources Corp. (ENRC) Director name: Dr Johannes SittardAmount sold: 150,000 @ 1,120.00p Value: £1,680,000
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Should you invest in emerging markets?
Emerging markets offer strong, long-term growth and excellent value, says Rupert Hargreaves
By Rupert Hargreaves Published
-
How to invest in frontier markets
Frontier markets can be extremely risky, but they offer access to exotic stocks in rapidly developing countries
By David C. Stevenson Published