29th Jan 2015 17:49
LONDON (Alliance News) - Madagascar Oil PLC said that Outrider Master Fund LP Thursday bought 400,000 of the company's shares at 4.5 pence per share, meaning it is now interested in 187.8 million shares, representing a 28.8% stake.
Madagascar Oil said it was informed of the purchase by Steve Hope, a non-executive director representing Outrider.
Madagascar Oil shares closed flat at 4.25 pence on Thursday.
By Samuel Agini; [email protected]; @samuelagini
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
MOIL.L