LONDON (ShareCast) - Maroun Semaan, a director oil and gas services provider Petrofac, has sold nearly £17m worth of shares in the company.

Semaan, who is chief executive of the company's engineering and construction division, offloaded 3m shares at £5.65 each through the Nola Trust – in which he and his close family are beneficiaries – leaving it with a holding of around 30m shares, or 8.7% of Petrofac.

The sale, which went through yesterday, was made on the same day the FTSE 250 company announced the extension of its contract to be duty contract holder on Aberdeen-based Venture Production’s Kittiwake platform in the North Sea.

On Friday, the group won a $477m lump-sum contract to build a gas treatment plant in Syria.

Speaking about the Syria deal, Semaan said: “This is another significant award in Syria for Petrofac which, taken together with the Jihar gas plant award, provides us with almost $1bn of work in a country where we have successfully worked on a number of projects.”


Top Director Buys

Amec (AMEC)
Director name: Mr Samir Briko
Amount purchased: 15,668 @ 718.00p
Value: £112,496

Graphite Enterprise Trust (GPE)
Director name: Mr Jeremy Tigue
Amount purchased: 11,440 @ 434.00p
Value: £49,650

H & T Group (HAT)
Director name: Mr John Nichols
Amount purchased: 25,000 @ 177.00p
Value: £44,250

RPC Group (RPC)
Director name: Mr Christopher Howard Sworn
Amount purchased: 30,000 @ 145.50p
Value: £43,650

Golden Prospect Precious Metals (GPM)
Director name: Mr Malcolm Burne
Amount purchased: 50,000 @ 83.00p
Value: £41,500

Global Oceanic Carriers (GOC)
Director name: Mr Antonios Niklaou
Amount purchased: 20,000 @ 127.00p
Value: £25,400

Global Oceanic Carriers (GOC)
Director name: Mr Antonios Niklaou
Amount purchased: 20,000 @ 126.50p
Value: £25,300

Galiform (GFRM)
Director name: Mr Ian Smith
Amount purchased: 23,195 @ 85.50p
Value: £19,832

Highcroft Investment (HCFT)
Director name: Mr Chris Clark
Amount purchased: 3,000 @ 650.00p
Value: £19,500

Cadbury Schweppes (CBRY)
Director name: Mrs Ellen Marram
Amount purchased: 1,496 @ 586.67p
Value: £8,777


Top Director Sells

Petrofac Ld (PFC)
Director name: Mr Maroun Semaan
Amount sold: 3,000,000 @ 565.00p
Value: £16,950,000

Impala Platinum (IPLA)
Director name: Mr Les Paton
Amount sold: 10,000 @ R335.50
Value: R3,355,000

International Power (IPR)
Director name: Mr Philip Cox
Amount sold: 191,877 @ 431.40p
Value: £827,757

International Power (IPR)
Director name: Mr Philip Cox
Amount sold: 172,803 @ 434.90p
Value: £751,520

International Power (IPR)
Director name: Mr Mark Williamson
Amount sold: 113,298 @ 431.40p
Value: £488,768

International Power (IPR)
Director name: Dr Stephen Riley
Amount sold: 104,161 @ 431.40p
Value: £449,351

International Power (IPR)
Director name: Mr Philip Cox
Amount sold: 101,010 @ 431.45p
Value: £435,808

Severfield-Rowen (SFR)
Director name: Mr John R Featherstone
Amount sold: 125,000 @ 310.20p
Value: £387,750

International Power (IPR)
Director name: Mr Mark Williamson
Amount sold: 59,644 @ 431.40p
Value: £257,304

International Power (IPR)
Director name: Dr Stephen Riley
Amount sold: 54,834 @ 431.40p
Value: £236,554

• News Channel