Energy Assets bosses snap up new shares

CHRIS Masters, the former executive chairman at Glasgow-based temporary power supplier Aggreko, has snapped up nearly £20,000-worth of shares in Scotland’s newest listed company.

Livingston-based gas meter supplier Energy Assets floated on the main market of the London Stock Exchange on Thursday and Masters, who chairs the firm’s board, bought 10,000 shares at 199p each.

Chief executive Philip Bellamy-Lee and chief operating officer Russell Gibson each bought 5,000 shares at about 200p each, while non-executive director David MacFarlane reeled in 7,000 shares at a similar price.

Bellamy-Lee and Alan McKeating founded the business in 2005 and sold it to Australian bank Macquire Group in 2009. McKeating left the firm last year.

Henderson Global Investors has also built up an 8.8 per cent stake in Energy Assets.

Shares closed up 5p or 2.6 per cent at 199p.