LONDON (ShareCast) - Rajan Tandon, a Non-Executive Director of FTSE 250 African energy firm Ophir, has ditched 10m shares in the firm, cashing in on the recent surge in its share price.

The director sold the shares for 500p for a total of £50m.

The sale comes just days after the company's share price leapt on the back of a record gas discovery off the coast of Tanzania. The firm said the 4.5tr cubic feet (TCF) of gas discovery at its Jodari-1 well, exceeded pre-drill estimates by 55%.

The find marked the fourth consecutive gas discovery in the area for the joint venture between Ophir and BG Group - and the largest by Ophir in its history.

Ophir first listed in London in July 2011. Since then the shares have more than doubled in price.


Top Director Buys

Lonmin (LMI)
Director name: Dr Deenadayalan (Len) Konar
Amount purchased: 1,500 @ 1,032.86p
Value: £15,493

Polo Resources Ltd. (DI) (POL)
Director name: Mr Neil Lindsey Herbert
Amount purchased: 2,000,000 @ 3.30p
Value: £66,000

Shanks Group (SKS)
Director name: Mr Peter Dilnot
Amount purchased: 59,500 @ 98.40p
Value: £58,548

Songbird Estates (SBD)
Director name: Mr Alexander Heini Philip Midgen
Amount purchased: 44,500 @ 112.00p
Value: £49,840

Kenmare Resources (KMR)
Director name: Ms Elizabeth Headon
Amount purchased: 48,773 @ 50.23p
Value: £24,499

Songbird Estates (SBD)
Director name: Mr Alexander Heini Philip Midgen
Amount purchased: 22,000 @ 115.00p
Value: £25,300

Vislink (VLK)
Director name: Mr Oliver Ellingham
Amount purchased: 67,000 @ 32.50p
Value: £21,775

Hiscox Ltd. (HSX)
Director name: Ms Andrea Rosen
Amount purchased: 4,952 @ 393.78p
Value: £19,500

Hiscox Ltd. (HSX)
Director name: Mr Ernst Jansen
Amount purchased: 4,574 @ 393.78p
Value: £18,011

Pearson (PSON)
Director name: Mr Ken J Hydon
Amount purchased: 1,006 @ 1,170.00p
Value: £11,770


Top Director Sells

Prudential (PRU)
Director name: Mr Barry Stowe
Amount sold: 204,650 @ 749.89p
Value: £1,534,650

Aberdeen Asset Management (ADN)
Director name: Mr Martin J Gilbert
Amount sold: 300,000 @ 257.00p
Value: £771,000

Signet Jewelers Ltd. (SIG)
Director name: Mr Rob Anderson
Amount sold: 8,183 @ 3,082.15p
Value: £252,212

Aegis Group (AGS)
Director name: Mr Harold Mitchell
Amount sold: 100,000 @ 182.38p
Value: £182,380

Aegis Group (AGS)
Director name: Mr Harold Mitchell
Amount sold: 100,000 @ 181.30p
Value: £181,300

GW Pharmaceuticals (GWP)
Director name: Dr Stephen Wright
Amount sold: 140,000 @ 87.00p
Value: £121,800

Travis Perkins (TPK)
Director name: Mr Paul N Hampden Smith
Amount sold: 3,000 @ 1,039.04p
Value: £31,171


NR

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE