LONDON (Alliance News) - Tlou Energy Ltd Monday said its third largest shareholder has sold its entire stake in the company because it was a non-core investment for the shareholder.
Australian-listed Talon Metals Corp held a 7.03% stake in Tlou but notified the London-listed company that it had sold its entire stake, equal to 14.3 million shares, last Friday to new and existing investors in the UK.
Tlou said the shareholding in the company was deemed as a "non core investment" for Talon Metals.
Talon Metals was the third largest shareholder of Tlou after Computershare Clearing Pty Ltd's 7.35% stake and Tlou's largest shareholder, JP Morgan Nominees Australia Ltd, which holds an 11.33% stake.
By Joshua Warner; joshuawarner@alliancenews.com; @JoshAlliance
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Tlou Energy (TLOU)