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LONDON - Metlen Energy & Metals PLC (LSE:MEM) announced that Ioannis Kalafatas, Chief Executive Director of Energy, sold 8,800 ordinary shares in the company at a price of €47.61 per share on October 10.
The transaction, valued at approximately €419,000, was executed on the Athens Stock Exchange where the company maintains its secondary listing, according to a regulatory filing released Monday.
The company disclosed the transaction in accordance with the Market Abuse Regulation requirements that apply due to its primary listing on the London Stock Exchange and secondary listing on the Athens Stock Exchange.
Metlen Energy & Metals shares are currently trading at €47.61 on the Athens Stock Exchange. The company’s ordinary shares have a nominal value of €11.
The disclosure was made through a Person Discharging Managerial Responsibilities (PDMR) transaction notification, which is required when directors or senior executives buy or sell shares in their company.
The company provided no additional information regarding the reason for the share sale in its regulatory announcement.
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