Grocer banner

REA Holdings (RE.)

Share Price:
Change Today:
Market Cap:

Forum director exercises options over one million shares

29 May 12

LONDON (ShareCast) - Walter Brown, a Non-Executive Director of UK based gas & oil Forum Energy, has exercised one million shares in the company at 31p each.

The 310,000 transaction took place on March 25th, the same day the company unveiled the findings of a report which shows an improvement in the previously known resources at its exploration license SC 72 in the Philippines, supporting the case to continue with the drilling programme.

The company will now decide how to fund the programme, set to cost $75m. Given the company's 70% stake in the licence, it has a best estimate of 154m barrels of oil and liquids and 6,159bn cubic feet of gas.

Executive Director Andrew Mullins and Non-Executive Director Barry Stansfield also exercised shares at 31p a pop, buying 500,000 and 200,000, respectively.

The options were granted under Forum's 2005 share option plan.

The stock has performed well over the past year, up 231.5%, equivalent to 103p. The share price spiked in April when the company confirmed that its natural gas discovery at Recto Bank in the disputed South China Sea contains more reserves than initially thought.

Top Director Buys

Conygar Investment Company (CIC)
Director name: Mr Nigel J Hamway
Amount purchased: 50,000 @ 88.50p
Value: 44,250

F&C Asset Management (FCAM)
Director name: Mr Edward Bramson
Amount purchased: 48,727 @ 71.10p
Value: 34,645

Telit Communications (TCM)
Director name: Mr Oozi Cats
Amount purchased: 50,000 @ 51.00p
Value: 25,500

Volex (VLX)
Director name: Mr Ray Walsh
Amount purchased: 10,000 @ 244.00p
Value: 24,400

BG Group (BG.)
Director name: Dr Dr John Hood
Amount purchased: 1,500 @ 1,277.30p
Value: 19,160

REA Holdings (RE.)
Director name: Mr J. M. Green-Armytage
Amount purchased: 2,000 @ 511.00p
Value: 10,220

Top Director Sells

Jardine Matheson Holdings Ltd (Singapore) (JAR)
Director name: Mr Adam Phillip Charles Keswick
Amount sold: 29,460 @ $49.51
Value: $1,458,503

Jardine Matheson Holdingd Ltd. (Bermuda) (JARB)
Director name: Mr Adam Keswick
Amount sold: 29,460 @ $49.51
Value: $1,458,503

Iomart Group (IOM)
Director name: Mr Richard Logan
Amount sold: 120,500 @ 140.00p
Value: 168,700

S & U (SUS)
Director name: Mr Mike Mullins
Amount sold: 2,000 @ 720.00p
Value: 14,400


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.


Market Data

Currency UK Pounds
Price 179.00p
Change Today 0.000p
52 Week High 233.00p
52 Week Low 95.00p
Volume 0
Shares Issued 43.95m
Market Cap 78.67m


  Latest Previous
  Interim Final
Ex-Div n/a 02-Jul-15
Paid n/a 24-Jul-15
Amount 0.000p 3.75p