Glencore boss spends £10m

16th Sep 2011 15:58

Glencore's chief executive Ivan Glasenberg has opened his wallet, splashing out nearly £10m on shares in the commodity trading house.He took 2.25m shares at an average price of 435p a share and has already made a handsome profit of about £100,000. The company added that Glasenberg plans to buy more shares.Glasenberg joined Glencore in 1984 and has been chief executive since 2002. He previously worked in the coal/coke commodity department in South Africa as a marketer, before spending two years in Australia as head of the Asian coal/coke commodity division.Top Director BuysGlencore International (GLEN) Director name: Mr Ivan GlasenbergAmount purchased: 2,250,000 @ 435.02p Value: £9,787,950Symphony International Holdings Ltd. (SIHL) Director name: Mr Anil ThadaniAmount purchased: 169,864 @ $0.75 Value: $127,398Symphony International Holdings Ltd. (SIHL) Director name: Mr Anil ThadaniAmount purchased: 130,136 @ $0.75 Value: $97,094Kofax (KFX) Director name: Mr Reynolds Carl BishAmount purchased: 20,000 @ 290.00p Value: £58,000Tribal Group (TRB) Director name: Mr Keith EvansAmount purchased: 103,130 @ 48.06p Value: £49,564Centaur Media (CAU) Director name: Mr Geoff WilmotAmount purchased: 72,000 @ 37.00p Value: £26,640Tex Holdings (TXH) Director name: Mr C D Palmer-TomkinsonAmount purchased: 28,000 @ 80.00p Value: £22,400Rockhopper Exploration (RKH) Director name: Mr Kevin John CrowleAmount purchased: 8,520 @ 233.55p Value: £19,898