Philip Hendry, the chief operating officer (COO) of Geo Energy Resources RE4 has bought 580,000 shares from the market for $174,000 (or 30 cents apiece).
Adam Tan Sheng Hua, the group’s chief financial officer (CFO) also bought 80,000 shares from the market for $24,000 (also at 30 cents apiece).
Both individuals did not hold any shares in the company before the transactions.
In a separate filing on Oct 19, Lu King Seng, an independent director of the company, bought 100,000 shares from the market at $30,500 or 30.5 cents each. Lu’s stake was increased to 0.07% from 0.06% after the transaction was completed.
As at Oct 19, Geo Energy Resources has a total issued share capital of 1.39 billion. The number excludes 30.4 million of treasury shares.
Shares in Geo Energy closed 1 cent higher or 3.51% up at 29.5 cents on Oct 19.
