Executives aquire interest in 10% of SeaEnergy shares

EXECUTIVES in SeaEnergy have acquired an interest in 10% of the shares of the oil and gas firm, which is reinventing itself as a support player in the renewable energy business.

Aberdeen-based SeaEnergy said four executives, including new chief executive John Aldersey-Williams, had acquired a total of 5,545,938 shares in the company with an employee benefit trust under a new long term incentive plan.

The executives will be entitled to any increase in the value of shares above 40p each if they keep them for at least five years.

Please enable cookies in your browser to display the rest of this article.