11th Nov 2015 11:25
LONDON (Alliance News) - Fund manager Miton Group PLC bought a 3.4% stake DekelOil Public Ltd on Tuesday, DekelOil said Wednesday.
Miton bought 51.6 million shares in DekelOil, which owns 51% of the vertically integrated Ayenouan palm oil project on the Ivory Coast.
DekelOil did not say at what price the shares were purchased.
"We are delighted to welcome Miton Group, the leading fund manager, to our shareholder register," Executive Director Lincoln Moore said in a statement.
"With a new kernel crushing plant due to commence operations in the near term this is an exciting period for DekelOil, and I look forward to providing updates over the coming months," he added.
Shares in DekelOil were trading flat at 1.10 pence on Wednesday morning, while Miton shares were untraded, last quoted at 26.25p.
By Karolina Kaminska; [email protected] @KarolinaAllNews
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
MGR.LDekel Agri