Union Jack Oil Director Increases Stake
Why we think this is neutral
This RNS announcement is a routine director dealing, which does not contain any significant news about the company's operations, financials or outlook. While it indicates the director's confidence in the company, it does not provide any material information that would significantly impact the investment case.
Key Points
- Non-Executive Director Craig Howie has purchased 122,000 ordinary shares of Union Jack Oil
- Howie now holds a total of 3,377,000 shares, equivalent to 2.21% of the issued share capital
Summary
The non-executive director of the oil and gas company has purchased additional shares, increasing their stake.
Union Jack Oil plc (UJO), a UK and USA focused onshore hydrocarbon, production, development, exploration and investment company, has announced that Non-Executive Director, Craig Howie has purchased 122,000 ordinary shares of the company at a price of 5.075 pence per share. Following this purchase, Craig Howie now holds a total of 3,377,000 ordinary shares, equivalent to 2.21% of the issued share capital.
DIRECTOR DEALINGS