12th Dec 2018 11:36
LONDON (Alliance News) - Regal Petroleum PLC on Wednesday noted announcements by two shareholders today over a restructuring of their holdings in the company.
Despite the restructuring, Regal said the ultimate ownership in the company has not changed.
Shareholder Energees Management Ltd has transferred its entire 54% stake in Regal to its immediate parent, Pelidona Services Ltd.
Pelidona, Regal said, is owned entirely by Lovitia Investments Ltd, which is in turn 100%-owned by businessman Vadim Novinskiy.
Regal Petroleum shares were up 3.6% to 51.80 pence on Wednesday.
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