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  • Energean CEO Mathios Rigas sells 2.8% stake
Business News

Energean CEO Mathios Rigas sells 2.8% stake

June 26, 2022
Adrian

Rigas bought the shares at a 5.6% discount on the current market price tag.

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Oil and gasoline exploration firm Energean (LSE: ENOG TASE: ENOG), which holds the Tanin and Karish fuel reservoirs in Israel and has a sector cap of NIS 9 billion, reviews that its CEO Mathios Rigas has bought part of his keeping in the corporation for NIS 230 million (£55 million).

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Rigas marketed 2.8% of Energean, cutting down his stake to 8.5%. The shares were marketed to money establishments by Barak Capital and Bank of The usa at a price cut of 5.6% on the industry rate. In the past 12 months, Energean shares have yielded a return of some 50%.

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Associated Content

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Energean CEO Mathios Rigas  credit: Eyal Izhar&#13

Energean CEO: We are wanting at new drilling near Tamar

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The company’s announcement of the sale states, “Mr Rigas continues to be fully committed to the organization and is self-confident in the outlook for Energean.”

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Rigas stated this year that Energean would commit $710-760 million in acquiring reservoirs and in exploration and output drilling, of which $450-500 million would be invested in Israel.

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Posted by Globes, Israel organization information – en.globes.co.il – on June 26, 2022.

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© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.

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Mathios Rigas  credit: Eyal Izhar

Mathios Rigas credit score: Eyal Izhar

 

 

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