New Britain Palm Oil Limited (NBPOL) non executive director Michael St.Clair-George is sitting on a big paper profit after picking up a chunky stake at 145p.
The Australasia-focused palm oil producer surged 20% Friday when it emerged that St.Clair-George paid almost £159,000 for more than 109,000 shares.
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Last week, the company said palm oil prices are well below the highs seen earlier this year, although it increased production of the oil used for cooking and biofuels.
Production hit a record 240,000 tonnes of crude palm oil and kernel oil in the first nine months of the year, a rise of 5.2% from the same period a year ago.
NBPOL was valued at £362m when it listed on London's main market in December last year, raising £62.5m at 250p a share.
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