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Chairman-elect buys more shares in Wood Group

WOOD Group chairman-elect Ian Marchant has bought around £107,000 of shares in the oil and gas company.

According to a stock market notification, Mr Marchant, who was formerly chief executive at SSE and currently a non-executive at Aggreko, bought 15,000 shares at £7.14.

That takes his total holding in Wood Group to 22,777 shares which is equivalent to 0.006% of the issued share capital.

Mr Marchant will take over as chairman of Wood Group in May to succeed the retiring Allister Langlands.

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