Non-executive director Juan Cristobal Pavez has spent more than £625,000 in Latin American oil and gas exploration and production company Geopark Holdings.

Pavez, who joined the board in 2008, purchased 130,500 shares at 480p each in a move that brings his total to 2,164,594, a 5.1% stake in the company.

Along with four colleagues, Pavez, who is also a board member of Grupo Security, Vida Security and Quintec, was last month paid 653 shares at 668.92p in lieu of director's fees and benefits.

In the past year GeoPark has seen its share price fall 25.2%, eqivalent to 160p.

The company was recently awarded three "highly prospective" blocks in Tierra del Fuege, Chile, in return for a minimum investment of $101m.

The firm also sold a further 10% interest in its Chilean business for $78m to LG International, which followed another 10% interest it sold in May for $70m.

Earlier this year the company announced a return to profit, after benefitting from rising oil prices and higher production volumes.

Top Director Buys

Geopark Holdings Ltd. (GPK)
Director name: Mr Juan Cristobal Pavez
Amount purchased: 130,500 @ 480.00p
Value: £626,400

Ubisense Group Plc (UBI)
Director name: Mr Richard Green
Amount purchased: 75,000 @ 192.90p
Value: £144,675

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Related share prices
Geopark Holdings Ltd. (GPK) share price
Ubisense Group Plc (UBI) share price