Berkeley Energia Announces Change in Substantial Holder
Why we think this is neutral
This RNS announcement is a 'Change in Substantial Holder' update, which does not provide any specific financial or operational information about the company's performance. As such, it is a neutral update that does not warrant a strong positive or negative sentiment score.
Key Points
- Sprott Inc. has increased its shareholding in Berkeley Energia Limited
- Sprott's stake has risen from 36,945,606 shares (8.29% voting power) to 42,252,673 shares (9.48% voting power)
Summary
The energy company has reported a change in its substantial shareholder, with Sprott Inc. increasing its stake in the business.
Berkeley Energia Limited (Berkeley or Company) has advised that it was notified of a change in substantial holder, with Sprott Inc. and its controlled bodies (Sprott) increasing their shareholding in the Company from 36,945,606 to 42,252,673 shares, representing an increase in voting power from 8.29% to 9.48%.
GENERAL UPDATE