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IN BRIEF: Rainbow Rare Earths Chair Adonis Pouroulis ups stake to 14%

Fri, 19th Apr 2024 09:03

Rainbow Rare Earths Ltd - developing Phalaborwa rare earths project in South Africa and Uberaba project in Brazil - Non-Executive Chair Adonis Pouroulis buys 1.1 million shares at GBP0.098, worth GBP112,161, on Tuesday. The shares are purchased from Piran Resources Ltd, which is connected to Pouroulis and other Rainbow Rare Earths directors. Pouroulis now is interested in 89.5 million shares, a 14.2% stake.

Current stock price: 9.50 pence

12-month change: up 4.4%

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

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