Bosses at Petra Diamonds have agreed to shell out a combined total of nearly £1m to buy shares in the firm.
Chairman Adonis Pouroulis, finance director David Abery and non-executive director Charles Segall each agreed to buy just less than 1.4m shares at 22p a time.
About 3.2m of the shares were bought from miner BHP Billiton and 900,000 from its subsidiary BHP Billiton World Exploration.
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
Pouroulis's purchase brings his holding in the company to about 9.1m shares or 4.95% of the company. Abery and Segall now have about 1.5m and 1.4m shares respectively.
Top Director Buys
Value: £303,187
Value: £303,187
Value: £303,187
Value: £192,080
Value: £98,000
Value: £50,000
Value: £50,000
Value: £49,137
Value: £40,071
Value: £20,000
Top Director Sells
Value: £333,893
Value: £20,000
Value: £17,607
-
High pension fees could take £70k from your retirement pot – time to check what you’re payingEight out of 10 savers have no idea what fees they are paying to their pension provider to manage their retirement fund, and these charges can vary wildly.
-
Mohammed bin Salman: The new face of Saudi ArabiaUnder the crown prince Mohammed bin Salman, Saudi Arabia's de facto ruler, the kingdom has pursued ambitious reforms to transform itself into a thriving 21st-century economy
