200 pct premium17 Jan 2018 10:43
African Resources Limited, who is the majority shareholder owning 1,440,076,040 shares, comprising 61.69% of the issued share capital of the Company has purchased 117,730,632 shares from the shareholders of Blackwill Trade Limited at a price of �0.03 per share.
This is at a substantial premium of over 200% above the current share price.
Details of the Directors in the Company who have an interest in African Resources Limited, can be found in the notification of dealing form which can be found below.
This will increase the shareholding of African Resources Limited to 1,557,806,672 shares representing 66.73% of the issued share capital.
Aidar Assaubayev, CEO of Altyn Plc commented:
"The purchase of the share capital of Blackwill Trade Limited by the majority shareholder demonstrates their commitment to the Company and their strong belief in the potential returns to be achieved in the future".