Fri, 01st Feb 2019 15:50
LONDON (Alliance News) - Ophir Energy PLC said Friday Sand Grove Capital Management Ltd had built a 6.4% stake in the oil & gas firm in a transaction on Wednesday.
Sand Grove held 45.5 million voting rights in Ophir after the transaction, equivalent to a 6.4% stake in the 707.2 million shares outstanding in the firm.
The holding of Sand Grove in Ophir prior to the transaction - if any - was not disclosed.
Shares in Ophir were 0.2% lower at 54.40 pence on Friday.
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