10 April 2014
African Eagle Resources plc
("African Eagle" or the "Company")
Major Interest in Shares
African Eagle announces that the Company has today been notified that on 9 April 2014 Salkeld Investments Limited, a company wholly owned by Nick Clarke, sold 140,937,440 ordinary shares of 0.1 pence each in the issued share capital of the Company ("Ordinary Shares") at a price of 0.225p per Ordinary Share ("Disposal") to Shoreline Energy International Limited ("Shoreline").
Name | Number of Ordinary Shares held prior to the Disposal | % of issued share capital prior to the Disposal (%) | Number of Ordinary Shares held following the Disposal | % of issued share capital following the Disposal (%) |
Nick Clarke* | 228,057,332 | 26.18 | 87,119,892 | 10.00 |
Shoreline | nil | nil | 140,937,440 | 16.18 |
*The table above shows Nick Clarke's total beneficial shareholding in the Company before and after the Disposal held by Salkeld Investments Limited.
Mr Kola Karim has an interest in and is Group Managing Director and Chief Executive Officer of Shoreline Energy International.
For further information please visit www.africaneagle.co.uk or contact the following:
Enquiries:
African Eagle Resources plc Robert McLearon, Managing Director | Tel: +44 (0) 20 7002 5361 |
Beaumont Cornish Limited (Nominated Adviser) | Tel: +44 (0) 207 628 3396 |
Roland Cornish Emily Staples | |
Pareto Securities Limited (Broker) Guy Wilkes | Tel: +44 (0) 20 7786 4370 |
About African Eagle
African Eagle Resources plc is quoted on the AIM Market of the London Stock Exchange (AFE) and Johannesburg AltX (AEA) stock exchanges.
ENDS
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