Centamin Egypt boss buys again

22nd Sep 2011 14:30

The chairman of FTSE 250-listed gold miner Centamin Egypt Josef El-Raghy has doubled his personal stake in the company, taking more than £550,000 of shares. He took 500,000 at 110.9p a time and now has a personal holding of 1m shares. However, including "his connected persons" El-Raghy has 71.2m shares in the company, which is 6.5% of the company.Centamin operates the Sukari gold mine in Egypt's Eastern Desert. The share price has risen since El-Raghy's last big purchase earlier this month, benefiting from the higher gold price as investors seek safe assets amid turmoil in the markets. On 5 and 6 September, he took 500,000 shares at between 104.2p and 106.4p.Top Director BuysIFG Group (IFP) Director name: Mr Declan KennyAmount purchased: 479,167 @ 105.94p Value: £507,630Centamin Egypt Ltd. (CEY) Director name: Mr Josef El-RaghyAmount purchased: 500,000 @ 110.76p Value: £553,800Sable Mining Africa Ltd. (DI) (SBLM) Director name: Mr Andrew Stuart GrovesAmount purchased: 500,000 @ 11.25p Value: £56,250Sable Mining Africa Ltd. (DI) (SBLM) Director name: Mr Phil EdmondsAmount purchased: 500,000 @ 11.25p Value: £56,250Firestone Diamonds (FDI) Director name: Mr Philip KennyAmount purchased: 175,000 @ 17.25p Value: £30,188Diploma (DPLM) Director name: Mr I HendersonAmount purchased: 10,000 @ 290.00p Value: £29,000Firestone Diamonds (FDI) Director name: Mr Tim WilkesAmount purchased: 150,000 @ 17.13p Value: £25,695Avesco Group (AVS) Director name: Mr Richard A Murray-ObodynskiAmount purchased: 16,000 @ 121.50p Value: £19,440European Investment Trust (EUT) Director name: Mr Michael MouleAmount purchased: 2,500 @ 454.53p Value: £11,363Sinclair Is Pharma (SPH) Director name: Mr Christophe FoucherAmount purchased: 35,000 @ 26.27p Value: £9,194Top Director SellsAmec (AMEC) Director name: Mr Ian P McHoulAmount sold: 83,295 @ 896.50p Value: £746,740Burberry Group (BRBY) Director name: Mr David A TylerAmount sold: 20,000 @ 1,461.70p Value: £292,340