Petrofac director sells before demerger

A round-up of the biggest director deals today so far.

Michael Press has raised £1.4m from selling shares in oil services provider Petrofac ahead of the proposed demerger of its oil and gas assets.

Press is the senior independent non-executive director on the board of Petrofac. He sold 120,000 shares at 1173.65p each. He retains 120,000 shares. This is the first major sale by a director for nearly 11 months.

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