Shell non-exec takes first stake
Nov 09, 2009
Print this article
Hans Wijers, a non-executive director at the Anglo-Dutch oil giant Shell, has spent just less than £90,000 on a stake in the firm.
He took 5,000 shares at €19.96 (1,789.81p), which represents his sole holding in the group.
Shares in Shell have rallied strongly since earlier in the year, when they sat below 1,400p, though they are still below the levels at which they sat earlier in the year, when Wijers joined the board.
Wijers is the chief executive of AkzoNobel, an Amsterdam manufacturing firm that specialises in healthcare products, coatings and chemicals.
His purchase of shares comes soon after Shell reported a 73% fall in third quarter earnings after being hit by the sharp decline in oil prices following the economic downturn that erupted towards the end of 2008.
Ernings for the three months to the end of September, on a current cost of supplies (CCS) basis, fell 73% to just $3bn from $10.9bn a year ago.
"Our third quarter results were affected by the weak global economy," said chief executive Peter Voser.
He also remained cautious on future prospects, despite a recovery in oil prices.
'We see some indications that energy demand and pricing are improving, but the outlook remains very uncertain, and we are not expecting a quick recovery,' he said.
Top Director Buys
Wolseley (WOS)
Director name: Mr Ian Meakins
Amount purchased: 31,188 @ 1,282.58p
Value: £400,011
Speymill Deutsche Immobilien (SDIC)
Director name: Mr James (Jim) Mellon
Amount purchased: 375,000 @ € 0.33
Value: € 123,750
Royal Dutch Shell 'A' (RDSA)
Director name: Mr Hans Wijers
Amount purchased: 5,000 @ 1,789.81p
Value: £89,490
Speymill Deutsche Immobilien (SDIC)
Director name: Mr James (Jim) Mellon
Amount purchased: 125,000 @ € 0.33
Value: € 41,250
Speymill Deutsche Immobilien (SDIC)
Director name: Mr James (Jim) Mellon
Amount purchased: 125,000 @ € 0.33
Value: € 41,250
Computacenter (CCC)
Director name: Mr John Ormerod
Amount purchased: 10,000 @ 279.94p
Value: £27,994
Braemar Shipping Services (BMS)
Director name: Mr Alan Marsh
Amount purchased: 5,000 @ 432.94p
Value: £21,647
Media Corporation (MDC)
Director name: Mr John Ashley Palmer
Amount purchased: 650,000 @ 3.10p
Value: £20,150
Top Director Sells
Rightmove (RMV)
Director name: Mr Edmund Williams
Amount sold: 300,000 @ 529.75p
Value: £1,589,250
Related articles
-
Feb 10, 2012
-
Feb 09, 2012
-
Feb 08, 2012
-
Feb 07, 2012
FREE - MoneyWeek's daily investment email
Our free daily email, Money Morning, is an informative and enjoyable analysis of what's going on in the markets. Written by our Editor, John Stepek, and guest contributors.
Sign up FREE to Money Morning here.