ENRC chairman sells 25% of his stake

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).

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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