10th Apr 2014 16:49
LONDON (Alliance News) - African Eagle Resources PLC Thursday said Nick Clarke's Salkeld Investments Ltd sold a 16.8% stake in the company on the same day he acquired a 26.18% stake from three resigning non-executive directors to a company bossed by Kola Karim, who is set to join the board alongside Clarke.
According to African Eagle Resources, Clarke sold the 10.00% stake to Shoreline Energy International Ltd at 0.225 pence a share, the same price at which he acquired his shareholding.
African Eagle Resources shares Thursday closed at 0.32 pence, down 22.0%.
The disposal leaves Clarke with a 10.00% stake in the company, while Shoreline Energy International now holds a 16.18% stake.
Kola Karim is managing director and chief executive of Shoreline Energy International, and has an interest in the Africa-focused energy and infrastructure company.
African Eagle Resources had Wednesday said Julian McIntyre sold his entire 21.15% stake in the company to Clarke's Salkeld Investments Ltd, and is also set to resign alongside fellow non-executive Directors Venkat Siva, Mark Thompson and Paul Colucci.
Clarke's Salkeld Investments purchased substantially all of the African Eagle subsidiaries' assets and liabilities in August 2013.
McIntyre, Siva, Thompson and Colucci are set to remain in their positions on the board until Clarke and Karim are appointed, as proposed Wednesday.
By Samuel Agini; [email protected]; @samuelagini
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