Omega chairman invests nearly £1m

10th Sep 2010 16:38

The chairman and chief executive of Omega Insurance Holdings are both buying shares in the Bermuda-based insurance underwriter with chairman John Coldman investing nearly £1m. Richard Pexton became chief executive of Omega in March this year. He was previously boss of Heritage Underwriting Agency. Pexton's appointment came after Coldman became chairman following his appointment to the Omega board at a special general meeting called by Invesco. The share price has been consistently declining for nearly two years. Coldman bought 1.125m shares at 88p a share. He did not own any shares before this. Pexton bought 225,000 shares at 88p a share - a total investment of £198,000. That takes his stake to 232,997 shares. Top Director BuysOmega Insurance Holdings (OIH) Director name: Mr John ColdmanAmount purchased: 1,125,000 @ 88.00p Value: £990,000Omega Insurance Holdings (OIH) Director name: Mr Richard A PextonAmount purchased: 225,000 @ 88.00p Value: £198,000Environ Group (Investments) (EVN) Director name: Mr Steven Robert HancockAmount purchased: 7,500,000 @ 0.40p Value: £30,000Environ Group (Investments) (EVN) Director name: Mr Mark SimsAmount purchased: 7,500,000 @ 0.40p Value: £30,000Environ Group (Investments) (EVN) Director name: Mr Steven Robert HancockAmount purchased: 5,000,000 @ 0.40p Value: £20,000Environ Group (Investments) (EVN) Director name: Mr Mark SimsAmount purchased: 5,000,000 @ 0.40p Value: £20,000Lombard Risk Management (LRM) Director name: Mr Ian PeacockAmount purchased: 250,000 @ 4.38p Value: £10,950Lombard Risk Management (LRM) Director name: Mr Mike ShinyaAmount purchased: 250,000 @ 4.25p Value: £10,625Marshalls (MSLH) Director name: Mr Mark EdwardsAmount purchased: 10,000 @ 106.04p Value: £10,604Top Director SellsGeneral Electric (GEC) Director name: Mr Keith S. SherinAmount sold: 8,001 @ € 12.14 Value: € 97,156General Electric (GEC) Director name: Mr John G. RiceAmount sold: 7,935 @ € 12.14 Value: € 96,355General Electric (GEC) Director name: Mr Michael A. NealAmount sold: 7,875 @ € 12.14 Value: € 95,626General Electric (GEC) Director name: Mr Brackett B. DennistonAmount sold: 4,100 @ € 12.14 Value: € 49,786General Electric (GEC) Director name: Mr Pamela DaleyAmount sold: 2,034 @ € 12.14 Value: € 24,699General Electric (GEC) Director name: Ms Kathryn CassidyAmount sold: 1,003 @ € 12.14 Value: € 12,179