LONDON (Alliance News) - Falkland Islands Holdings PLC on Friday said it has sold 5 million shares in fellow AIM-listed Falkland Oil & Gas Ltd for GBP1.4 million.
Falkland Islands Holdings said the sale had generated it a GBP0.4 million profit.
It did not provide any pricing details on the shares sold, about 1.0% of Falkland Oil & Gas's total, but the amount raised gives them a price of 28 pence.
Falkland Islands shares were untraded Friday morning, having last traded at 239.00 pence, while Falkland Oil & Gas shares were down 2.3% to 26.875 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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