6th May 2015 15:13
LONDON (Alliance News) - Mwana Africa PLC Wednesday said China International Mining Group Corp, a party connected to Non-Executive Director Ning Yat Hoi, sold 81.4 million shares, while Ning sold 106 million shares on April 30.
The shares were sold at GBP0.018 each.
Following the disposals, CIMGC now has a holding of 218 million shares, representing 15.6% of the issued share capital of the company, and Ning holds 454,545 shares, representing 0.03% of the issued share capital.
Ning, the Chairman of CIMGC, is therefore interested in 218.5 million shares, representing 15.63% of the issued ordinary share capital.
The mining stock was trading down 2.8% at 1.94 pence Wednesday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
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