Director dealings: Union Jack directors up stake

O'Farrell, a former director at both OilQuest and Nighthawk at the time of their AIM floatations, acquired the shares at an average cost of 0.85p, for a total value of £300,000.

Earlier in the day, Union Jack agreed to acquire a 16.667% stake in the West Newton gas discovery and, in order to support the transaction, revealed it would be raising £2.25m of new capital.

The firm agreed to a transaction with Rathlin Energy, a subsidiary of Canadian outfit Connaught Oil and Gas, via a farm-out that commits Union Jack to cover 25% of the cost of an appraisal well at the Yorkshire asset.

Non-executive director Raymond Godson also picked up some shares on Wednesday, upping his stake by 11.76m at a cost of 0.85p each, for a total value of £100,000.

As of 1630 BST, Union Jack shares had picked up 0.57% to 0.09p.

Top Director Buys

Union Jack Oil (UJO)
Director name: OÂ’Farrell,Joseph
Amount purchased: 35,294,116 @ 0.85p
Value: £300,000.00

Union Jack Oil (UJO)
Director name: Godson,Raymond G
Amount purchased: 11,764,705 @ 0.85p
Value: £100,000.00

Fidelity Japan Trust (FJV)
Director name: Graham ,David
Amount purchased: 18,000 @ 167.90p
Value: £30,222.00

Low & Bonar (LWB)
Director name: Bertram,Peter
Amount purchased: 75,150 @ 39.92p
Value: £29,999.88

Infrastrata (INFA)
Director name: Wood,John
Amount purchased: 1,736,293 @ 0.58p
Value: £10,070.50

British Empire Trust (BTEM)
Director name: Thomson ,Calum
Amount purchased: 1,298 @ 765.22p
Value: £9,932.56

Ultra Electronics Holdings (ULE)
Director name: Sharma,Ami
Amount purchased: 10 @ 1,589.00p
Value: £158.90

Premier Oil (PMO)
Director name: Rose ,Richard
Amount purchased: 106 @ 141.90p
Value: £150.41

Centrica (CNA)
Director name: Conn,Iain C
Amount purchased: 96 @ 155.92p
Value: £149.68

Centrica (CNA)
Director name: Hodges,Mark
Amount purchased: 96 @ 155.92p
Value: £149.68

Centrica (CNA)
Director name: Hanafin,Mark
Amount purchased: 96 @ 155.92p
Value: £149.68

Great Portland Estates (GPOR)
Director name: Courtauld,Toby
Amount purchased: 22 @ 671.46p
Value: £147.72

Great Portland Estates (GPOR)
Director name: Sanderson,Nick
Amount purchased: 22 @ 671.46p
Value: £147.72

Premier Oil (PMO)
Director name: Durrant ,Tony
Amount purchased: 88 @ 141.90p
Value: £124.87

Premier Oil (PMO)
Director name: Allan,Robin
Amount purchased: 88 @ 141.90p
Value: £124.87

Top Director Sells

Wetherspoon (j.d.) (JDW)
Director name: Cacioppo,Su
Amount sold: 4,333 @ 1,297.00p
Value: £56,199.01

Wetherspoon (j.d.) (JDW)
Director name: Hutson,John
Amount sold: 3,810 @ 1,297.00p
Value: £49,415.70

Wetherspoon (j.d.) (JDW)
Director name: Slade,Miles
Amount sold: 1,688 @ 1,297.00p
Value: £21,893.36

Wetherspoon (j.d.) (JDW)
Director name: Geoghegan,Martin
Amount sold: 1,449 @ 1,297.00p
Value: £18,793.53

Wetherspoon (j.d.) (JDW)
Director name: Whitley ,Ben
Amount sold: 709 @ 1,297.00p
Value: £9,195.73

Wetherspoon (j.d.) (JDW)
Director name: Connor ,Nigel
Amount sold: 580 @ 1,297.00p
Value: £7,522.60