Cap Energy announce disposal by Employee Benefit Trust
Cap Energy PLC, a company listed on the ISDX Growth Market focused on the exploration, production, and development of oil and gas in sub-Saharan Africa, announces that on 6 June 2014 Cap Energy Trustees Ltd. (the “Trustee Company”), the trustee of the Company’s Employee Benefit Trust, sold 10,000 ordinary shares of 5p each in the Company at a price of 148p per share.
The Trustee Company has also instructed its broker to dispose of its remaining holding of 15,654 ordinary shares in the Company.
Tim Hearley and Lina Haidar, respectively Chairman and Chief Executive of the Company, are also directors of the Trustee Company; Pierantonio Tassini, the Company’s Chief Operating Officer, is the sole shareholder of the Trustee Company.
The Directors of the Company are responsible for the contents of this announcement.
Source: Cap Energy PLC