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LONDON - Altona Rare Earths PLC (LSE:REE) announced Thursday that its Chief Financial Officer Louise Adrian has transferred 2,609,345 ordinary shares to her self-invested personal pension account at a price of £0.0148 per share.
The transfer was executed through a sale and immediate repurchase of the shares, with no change in Adrian’s beneficial ownership position, according to a company statement based on a regulatory filing.
The transaction comes amid several changes in the company’s shareholder structure. Tracarta Ltd, controlled by Dr. John Wardle, reported a reduction in its holding to 13.26% of voting rights from a previous 14.19%. The company sold 2,125,000 shares on August 27.
R S Jennings and related party Catalyse Capital Ltd reported a combined position of 19.21% of total voting rights, consisting of 9.59% in direct share ownership and 9.62% through financial instruments. This represents a decrease from their previous combined position of 20.86%.
Spreadex Ltd disclosed a 6.13% total position in Altona, comprised of 3.08% in direct shareholding and 3.06% through financial instruments, compared to its previous 3.47% holding.
Altona Rare Earths focuses on exploration and development of critical raw materials in Africa. The company’s shares trade on the London Stock Exchange.
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