22nd Mar 2013 07:00
22 March 2013
Beacon Hill Resources Plc / AIM: BHR / ASX: BHU / Sector: Mining
Beacon Hill Resources Plc ('Beacon Hill' or 'the Company')
Change in Shareholder Ownership: Major New Investor
Beacon Hill Resources Plc, the AIM and ASX listed coal producer, is pleased to announce Pelham Investments Limited ('Pelham') has acquired 236,264,884 shares in the capital of the Company from Renaissance Financial Holdings Limited ('Renaissance'). The Company understands that the share transaction was completed at a price of 3 pence per share. Pelham now holds 19.6 % of the issued share capital in the Company and Renaissance are no longer a shareholder.
Justin Farr-Jones, Chairman of BHR Plc commented: "Pelham are an experienced long term financial investor and the Board welcomes their vote of confidence in the Beacon Hill management and the Minas Moatize Project in becoming a significant shareholder in the Company."
To view the associated TR-1 forms, please click on or paste the following links into your web browser:
http://www.rns-pdf.londonstockexchange.com/rns/6274A_-2013-3-22.pdf
**ENDS**
For further information, please contact:
| |
Beacon Hill Resources Plc | |
Rowan Karstel, Managing Director ([email protected]) | |
Justin Farr-Jones, Chairman ([email protected]) | |
Timothy Jones, Group Finance Director ([email protected]) | + 44 (0) 1372 464 549 |
Canaccord Genuity Limited (Nominated Adviser) Andrew Chubb / Sebastian Jones | +44 20 7523 8000 |
St Brides Media & Finance Ltd (Financial Public Relations) | +44 20 7236 1177 |
Susie Geliher / Elisabeth Cowell |
Related Shares:
BHR.L