Home » Andalas Energy and Power (ADL) » CEB Resources – Suspension in trading in the Company’s shares & increase in shareholding

CEB Resources – Suspension in trading in the Company’s shares & increase in shareholding

Further to the announcement yesterday morning regarding the movement in the Company’s share price, CEB Resources plc, the mining and natural resources investment company, confirms that it is evaluating an investment in oil and gas assets in Indonesia, which would be associated with a fund raising.  Whilst the transaction is not a reverse, the Company has requested that trading in its ordinary shares be suspended with effect from this morning until such time as further clarity can be given on these matters.  A further announcement will be made in due course.

The Company emphasises that whilst discussions are ongoing, there is no guarantee that the transaction will occur. 

Separately, Wayne Gibson has increased his holding in CEB Resources from 14.6m to 15.6m shares, and now holds 5.01% of issued share capital.

Additionally, Phil Terry has purchased 12.2m shares in CEB Resources and now holds 3.9% of issued share capital.

For further information, please contact:

CEB Resources plc

Cameron Pearce / Jeremy King

Tel: +44 (0) 1624 681250

Sanlam Securities UK Limited

Lindsay Mair / Andrew Wagstaff

Tel: +44(0) 207 628 2200

Peter House Corporate Finance Limited

Lucy Williams

Tel: +44 (0) 207 469 0930

Cornhill Capital

Nick Bealer

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