Petropavlovsk chief banks £24m

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

Pavel Maslovskiy, chief executive of Petropavlovsk, is taking advantage of the near-record gold price to bank some cash with the sale of £24m worth of shares in the Russian gold miner.

Companies associated with Dr Maslovskiy sold 2m shares at £11.93 per share. The off-market sale was to a non-related party at the ten day volume weighted average price, the company said, and was for portfolio re-balancing and to provide funds for investments in non-mining related activities. His last significant disposals were in 2007 at prices of £10.90 and £12.12.

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