Director dealings: Vivo director lowers stake via Helios interest

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Sharecast News | 29 Jun, 2021

17:26 25/07/22

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Vivo Energy revealed on Tuesday that non-executive director Temitope Lawani had disposed of 1.55m ordinary shares in the FTSE 250-listed downstream petroleum company via their interest in Helios Holdings.

Lawani, who co-founded Helios, sold the shares on Friday at an average price of 97.0p each, for a total value of £1.50m.

In late April, Vivo said it had made a strong start to the year, with first-quarter volumes continuing to recover from the “significant” impact of Covid-19.

Vivo stated gross cash profit was $195.0m in the three months to 31 March, a 9% increase on the same period a year previously, with retail volumes improving 4% and commercial volumes continuing to be impacted by weakness in the aviation and marine businesses along with the end of a large supply contract in the third quarter of 2020.

As of 1620 BST, Vivo shares were up 0.10% at 98.20p.

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