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LONDON (Alliance News) - Worthington Group PLC on Friday said Liberty Capital Ltd has sold its entire holding in the company.
Liberty, a British Virgin Islands-based company, sold its 2 million shares in Worthington last week, the investment company said. just over 10% of the total.
Doug Ware, the chief executive officer of Worthington, said the deal "draws a line under the involvement of Liberty as a shareholder of the company, and that this legacy overhang of shares has been removed".
Worthington shares were suspended on Monday on request by the company in order to allow it to consult with the Financial Conduct Authority on whether any of its recent deals, or any it is considering, could be considered a reverse takeover. Shares in the company were last quoted at 85.50 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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