Date: Wednesday 23 Apr 2008
LONDON (ShareCast) - Petrofac chief executive Ayman Asfari sold nearly £34m in shares in the oil and gas services provider yesterday.
He personally sold 1.5m shares at £6.15 a go and sold 4m shares at the same price through his Lamia Trust. The sale leaves him with around 63.8m shares in the company, or about 18.46%.
Earlier this month Maroun Semaan, 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.
On April 18, the company said it had secured an award that could be worth $115m to supply equipment for a gas plant in Kazakhstan owned by Agip KCO, a division of the Italian oil and gas giant Eni.
"We are delighted to have secured this additional work; it represents Agip KCO's continued confidence in Petrofac to deliver," said Semaan.
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Director name: Mr David (Dave) Routledge
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Top Director Sells
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Director name: Mr Ayman Asfari
Amount sold: 4,000,000 @ 615.00p
Value: £24,600,000
Petrofac Ld (PFC)
Director name: Mr Ayman Asfari
Amount sold: 1,500,000 @ 615.00p
Value: £9,225,000
Genesis Petroleum Corporation (GPC)
Director name: Mr Michael S. Haagaard
Amount sold: 3,000,000 @ 35.00p
Value: £1,050,000
ITM Power (ITM)
Director name: Dr Jonathan Lloyd
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Value: £1,000,960
SIG (SHI)
Director name: Mr David Williams
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SIG (SHI)
Director name: Mr Michael John Chivers
Amount sold: 15,622 @ 784.50p
Value: £122,555
SIG (SHI)
Director name: Mr Gareth Wyn Davies
Amount sold: 7,937 @ 784.50p
Value: £62,266
SIG (SHI)
Director name: Mr Christopher Davies
Amount sold: 3,313 @ 784.50p
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