(Alliance News) - Russian gold miner Petropavlovsk PLC on Tuesday announced a major change in the holdings of two shareholders.
On Friday last week, Cayman Islands-based Sothic Capital European Opportunities Master Fund Ltd cut its holding in the company to 1.1% from just under 10%.
On the same day, Prosperity Capital Management Ltd, which is also based in the Cayman Islands, increased its holding to just shy of 15% from 5.0% before.
Petropavlovsk did not say if the transactions were related. Shares finished 1.3% lower on Tuesday at a price of 878.00 pence each.
By George Collard; georgecollard@alliancenews.com
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