Europa CEO grows stake, Vedanta's Agarwal buys another round

30th Jan 2014 16:35

Hugh MacKay, the Chief Executive Officer of Europa Oil and Gas, has acquired 545,880 shares in the AIM-listed company, taking his stake to a total of 2.34m. MacKay, who bought the shares at 8.20p a go, spent a total of £44,762 on the purchase. The transaction came just two weeks after the company raised £2.86m after placing 47.69m shares, and a further £1.16m through the open offer of 19.33m shares at the same price of 6p. It has been a fairly turbulent year for the exploration and production company, during which time it has hit a high of 12.28p and a low of 5.88p. Meanwhile, Vedanta Resoures has announced yet more share purchases by Executive Chairman Anil Agarwal. The company announced after the close on Wednesday that he had bought a further £5.35m-worth of shares, taking his total holding to 67.99%, equivalent to 181.31m shares. Indian billionaire Agarwal has significantly upped his stake in recent months, showing his faith in the company as it battled a number of difficulties including shutdowns and local opposition to a new bauxite mine. Top Director BuysEuropa Oil & Gas (Holdings) (EOG) Director name: Mr Hugh Mackay Amount purchased: 545,880 @ 8.20p Value: £44,762YouGov (YOU) Director name: Mr Peter BazalgetteAmount purchased: 29,125 @ 103.00p Value: £29,999Top Director SellsFuller Smith & Turner (FSTA) Director name: Mr Simon EmenyAmount sold: 9,000 @ 975.00p Value: £87,750Tangent Communications (TNG) Director name: Mr Micheal GreenAmount sold: 170,455 @ 8.80p Value: £15,000NR