Christian William Ahlefeldt-Laurvig, non-executive director of Europa Oil & Gas (Holdings) PLC (LON:EOG) has bumped up his shareholding in the company.
He purchased 9.5mln shares at 4p a pop, taking his holding up to 35mln shares, equivalent to around 14.3% of the company’s issued share capital.
The purchase was announced just before the end of trading on Wednesday, prompting the shares to close at 4.125p, up from 3.96p on Tuesday’s close.
The shares made further progress this morning, advancing 17.6% to 4.85p in the first hour of trading.
The shares are up 57.5% year-to-date.