By Iain Gilbert
Date: Monday 09 Apr 2018
LONDON (ShareCast) - (ShareCast News) - AIM-quoted upstream company Sound Energy completed the divestment of its Italian subsidiary to Coro Energy on Monday morning after its shareholders were issued with their pro-rata entitlement to the consideration payable.
The Moroccan focused power group offloaded Sound Energy Holdings Italy to Coro for 185.9m shares in the group and a 5% royalty on all revenue derived from the exploration licence DR74AP, also known as Laura.
As a result of the divestment, the Coro consideration shares represented approximately 25.9% of the enlarged issued share capital of the firm formerly known as Saffron Energy, which was re-admitted to trading under its new name on Monday.
As of 1120 BST, shares had collected 0.20% to 44.59p.
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Currency | UK Pounds |
Share Price | 0.88p |
Change Today | 0.043p |
% Change | 5.17 % |
52 Week High | 1.93p |
52 Week Low | 0.64p |
Volume | 253,317 |
Shares Issued | 1,993.12m |
Market Cap | £17.44m |
RiskGrade | 409 |
Value |
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Price Trend |
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Income |
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Growth |
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No dividends found |
Time | Volume / Share Price |
16:28 | 589 @ 0.85p |
15:06 | 63,436 @ 0.85p |
15:06 | 3,700 @ 0.85p |
15:04 | 116,974 @ 0.85p |
14:22 | 15,175 @ 0.85p |
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