LONDON (Alliance News) - Berkeley Energia Ltd said Monday it is unaware of the reason behind its recent share price movement on the Australian Securities Exchange.
The clean energy company's ASX shares were up 17% on Monday at AUD0.21, around GBP0.12.
By contrast, Berkeley Energia shares were down 3.6% at 13.50 pence on Monday in London.
"The company is not aware of any information that has not been announced which, if known, could be an explanation for recent trading in the securities of the company," Berkeley Energia said.
Moreover, the energy firm also noted that a recent sale of Berkeley Energia share by "former major shareholder" has now ended.
Resource Capital Fund VLP, RCF Management LLC, and RCF V Annex Fund LP - together RCF - sold 5 million Berkeley Energia shares in November. This resulted in a drop in RCF's interest to 7.6%.
RCF sold further shares throughout December until its interest in Berkeley Energia had fallen to 2.7%.
Berkeley Eng (BKY)