There seems to be a rift at Mwana Africa (MWA). The miner's largest shareholder, China International Mining Group Corp (CIMGC) and Yat Hoi Ning, a non-executive director of MWA and chairman of CIMGC, have sold off huge stakes.
Mwana confirmed that Mr Ning and CIMGC had disposed of 106m and 81m shares respectively at 1.8p apiece. Their combined holdings previously amounted to around 29 per cent of WMA’s issued share capital. Now the director’s residual holding stands at just 0.03 per cent, while CIMGC owns 218m shares or 15.6 per cent.
The disposals follow a dispute over the appointment of Zimbabwean non-executive directors, which CIMGC believes are not in the best interests of the pan-African resource group. CIMGC previously filed a court petition challenging the validity of the hires. The matter will come to a head early next month when the shareholders vote on the proposed appointments. The company has made requests to CIMGC and Mr Ning to establish whether the purchasers of the shares are linked to them in any way.
Buys | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
AstraZeneca | Ann Cairns | 30 Apr 15 | 1,100 | 4,455 | 49,005 | 2,325 | <0.001 |
Balfour Beatty | PS Aiken (ch) | 06 May 15 | 5,000 | 238.6 | 11,930 | 5,000 | 0.001 |
BATM Advanced Communications Ltd | Dr Zvi Marom (ce) | 30 Apr 15 | 2,000,000 | 12.63 | 252,500 | 96,394,500 | 23.910 |
British American Tobacco | Dimitri Panayotopoulos | 30 Apr 15 | 550 | 3,604.50 | 19,825 | 550 | <0.001 |
Candover Investments | Malcolm Fallen (ce) | 01 May 15 | 1,658 | 330 | 5,471 | 23,961 | 0.110 |
Capital & Regional ♥ | Louis Norval | 06 May 15 | 3,500,000 | 56.5 | 1,977,500 | 201,048,099 | 28.690 |
Capital & Regional ♥ | Louis Norval | 05 May 15 | 500,000 | 56 | 280,000 | 197,548,099 | 28.191 |
Close Brothers Ω | Elizabeth Lee | 05 May 15 | 113 | 1,582 | 1,788 | 54,917 | 0.037 |
Frontier IP Ω | Jim Fish (fd) | 30 Apr 15 | 60,000 | 21.05 | 12,630 | 160,000 | 0.601 |
Frontier IP Ω | Andrew Richmond (ch) | 30 Apr 15 | 250,000 | 21.5 | 53,750 | 1,250,000 | 4.699 |
Goodwin ♥ | SC Birks | 06 May 15 | 200 | 2,480.11 | 4,960 | 200 | 0.003 |
Griffin Mining ♥ | Adam Usdan | 01 May 15 | 1,000,000 | 40 | 400,000 | 30,574,556 | 18.271 |
hVIVO | Jim Winschel Jr | 06 May 15 | 8,000 | 321.6 | 25,728 | 23,702 | 0.035 |
Imperial Innovations | Dr Linda Poil Wilding | 30 Apr 15 | 15,000 | 465 | 69,750 | 15,000 | 0.011 |
Jubilee Platinum | Colin Bird (ch) | 06 May 15 | 600,000 | 1.65 | 9,900 | 9,116,512 | 1.280 |
Judges Scientific Ω | David Barnbrook | 05 May 15 | 122 | 1,465 | 1,787 | 21,913 | 0.364 |
Judges Scientific Ω | Ralph Cohen | 05 May 15 | 123 | 1,465 | 1,802 | 58,201 | 0.967 |
Jupiter Fund Management Ω | Philip Johnson (cfo) | 05 May 15 | 836 | 429.9 | 3,594 | 1,335,295 | 0.292 |
Kalimantan Gold Corp ♥ | Raynard von Hahn | 05 May 15 | 123,000 | 1.53 | 1,885 | 160,994 | 0.041 |
KBC Advanced Technologies ♥ | Oliver Scott | 30 Apr 15 | 120,000 | 95.417 | 114,500 | 10,767,550 | 13.125 |
Keywords Studios | David Reeves | 30 Apr 15 | 6,250 | 158.5 | 9,906 | 22,510 | 0.048 |
Kirkland Lake Gold Inc | Dawn Whittaker | 06 May 15 | 600 | 357.35 | 2,144 | 5,620 | 0.007 |
Lancashire Holdings Ltd | Simon Fraser | 05 May 15 | 1,000 | 624.64 | 6,246 | 1,000 | 0.001 |
Marechale Capital Ω | Patrick Booth-Clibborn (ce) | 05 May 15 | 1,487,461 | 1 | 14,875 | 7,846,930 | 13.604 |
Matomy Media Ltd | Ilan Shiloah (ch) | 30 Apr 15 | 5,544 | 140 | 7,762 | 13,868,395 | 15.002 |
Nektan * | David Sparks (cfo) | 01 May 15 | 14,925 | 167.5 | 24,999 | 25,519 | 0.113 |
Nektan * | David Gosen (ce) | 01 May 15 | 14,925 | 167.5 | 24,999 | 14,925 | 0.066 |
Next Fifteen Communications | Richard Eyre (ch) | 30 Apr 15 | 11,186 | 177 | 19,799 | 167,517 | 0.256 |
Norsk Hydro ASA | Billy Fredagsvik | 01 May 15 | 536 | 2,335 | 12,516 | 3,698 | <0.001 |
Norsk Hydro ASA | Ove Ellefsen | 01 May 15 | 536 | 2,335 | 12,516 | 8,083 | <0.001 |
Norsk Hydro ASA | Sten Roar Martinsen | 01 May 15 | 536 | 2,335 | 12,516 | 4,754 | <0.001 |
Real Good Food | Peter Salter | 30 Apr 15 | 50,000 | 42.25 | 21,125 | 181,000 | 0.260 |
Real Good Food ♥ | Christopher Thomas | 01 May 15 | 50,000 | 42 | 21,000 | 290,363 | 0.417 |
Shanta Gold Ltd | Robin Fryer | 30 Apr 15 | 120,000 | 7.8 | 9,360 | 480,000 | 0.103 |
Smiths | William Seeger Jr | 05 May 15 | 2,500 | 1,163.71 | 29,093 | 5,000 | 0.001 |
Sopheon | Barry Mence (ch) | 06 May 15 | 106,775 | 68.42 | 73,052 | 1,272,881 | 17.487 |
Sopheon | Stuart Silcock | 06 May 15 | 33,367 | 68.42 | 22,828 | 223,963 | 3.077 |
Sopheon | Dr. Bernard Al | 06 May 15 | 10,011 | 68.42 | 6,849 | 83,989 | 1.154 |
Sphere Medical Holding * | Meinhard Schmidt | 01 May 15 | 187,500 | 16 | 30,000 | 187,500 | 0.132 |
Sphere Medical Holding * | Dr Wolfgang Rencken (ce) | 01 May 15 | 218,750 | 16 | 35,000 | 449,470 | 0.388 |
Sphere Medical Holding * | Dr. Anthony Martin (ch) | 01 May 15 | 187,500 | 16 | 30,000 | 417,554 | 0.295 |
Sphere Medical Holding * | Dr. David Martyr | 01 May 15 | 125,000 | 16 | 20,000 | 125,000 | 0.088 |
Sphere Medical Holding * | John Gregory | 01 May 15 | 46,875 | 16 | 7,500 | 90,745 | 0.064 |
Sphere Medical Holding * | Stephen Mahle | 01 May 15 | 93,750 | 16 | 15,000 | 152,888 | 0.108 |
Summit Germany Ltd | Harry Hyman (ch) | 30 Apr 15 | 25,000 | 90.6 | 22,650 | 125,000 | 0.027 |
Vernalis | Nigel Sheail | 05 May 15 | 84,000 | 59.9 | 50,316 | 294,000 | 0.066 |
Xaar | Dr Doug Edwards (ce) | 01 May 15 | 9,292 | 439 | 40,792 | 9,292 | 0.012 |
Sells | |||||||
Company | Director | Date | No of shares | Price (p) | Value (£) | Holding (shares) | Holding (%) |
Close Brothers | Preben Prebensen (ce) | 06 May 15 | 44,039 | 1,524 | 671,154 | 700,009 | 0.468 |
M P Evans | JD Shaw | 01 May 15 | 10,000 | 412 | 41,200 | 384,065 | 0.694 |
Mwana Africa | Ning Yat Hoi | 30 Apr 15 | 106,254,717 | 1.8 | 1,912,585 | 454,545 | 0.033 |
Royal Dutch Shell | Simon Henry (cfo) | 05 May 15 | 20,000 | 2,117 | 423,400 | 273,465 | 0.011 |
Whitbread | Andy Harrison (ce) | 06 May 15 | 132,000 | 5,227.76 | 6,900,642 | 122,187 | 0.067 |
*Placing/tender/open offer ♥Spouse/connected party ΩIsa/Sipp/Trust |