LONDON (Alliance News) - Rose Petroleum PLC Friday said Peaseblossom Ltd has acquired shares in the company from Caithness Ltd.
On October 23, Rose received notification that Peaseblossom acquired 4.1 million shares in Rose for 3.15 pence each from Caithness Ltd.
Peaseblossom is controlled by Roy Williams, and following the transaction, he will hold a 12.04% stake in Rose Petroleum. Caithness will hold an 8.86% stake in the company after the deal is completed.
Rose shares were down 1.8% to 3.02 pence per share Friday morning.
By Joshua Warner; joshuawarner@alliancenews.com; @JoshAlliance
Copyright 2014 Alliance News Limited. All Rights Reserved.