LONDON (SHARECAST) - Abdul-Jaleel Al-Khalifa, the Chief Executive Officer of Dragon Oil, an international oil and gas exploration, development and production company, added 3,527 shares to his stake in the company on Monday.
The CEO, who has held the role since 2008, paid 525.09p per share, handing over a total of £18,520, Tuesday's announcement said.
The director now holds 8,241 shares in the company.
The stock has performed well in the past year, gaining almost 27%, or 127.50p, the majority of which was achieved since early June, when it launched a $200m share buyback programme. The programme allowed as much as 5% of the issued share capital to be purchased.
Speaking at the time, the cash-rich company which has production assets off Turkmenistan, said the programme offers "an efficient route to return surplus cash resources to shareholders" and "will not impact upon the group's ability to grow production organically to reach its stated production targets".
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LONDON (SHARECAST) - Abdul-Jaleel Al-Khalifa, the Chief Executive Officer of Dragon Oil, an international oil and gas exploration, development and production company, added 3,527 shares to his stake in the company on Monday.
