(Alliance News) - i3 Energy PLC said Thursday Miton Group PLC slashed its stake in the oil and gas firm to 2% after a transaction on Tuesday.
Miton held 1.8 million shares in i3 after the transaction, equivalent to a 2.0% stake in the 93.4 million shares outstanding in the firm. Prior to the transaction, Miton held a 7.3% stake in i3.
Shares in i3 were 7.8% lower at 28.80 pence in London on Thursday, having fallen 75% over the last year.
I3 Energy (I3E)