Price of shares purchased by Mr. White
Pennpetro Energy Plc has clarified that Mr. Jesse White purchased 6,000,000 shares in November 2023 at a price of £0.022 per share, not £0.12 per share as previously speculated online. The company confirmed that these shares were contributed by other shareholders and that the proceeds have been received. Mr. White is expected to make a formal filing regarding these transactions shortly.
Select text to share a quote on X · sign in to keep highlights & notes in your PPP notes
Pennpetro Energy plc, the company focused on developing strategic traditional and transition energy projects, notes the recent speculation regarding the price of the shares purchased by Mr. Jesse White in 2023 and recorded in his name earlier this week.
The Company confirms a price of £0.022 per share for the 6,000,000 shares paid by Mr. White in November 2023, rather than the £0.12 per share as reported in online forums. These shares were contributed by other shareholders and the proceeds have been received by the Company.
The Company expects that Mr. White will make a formal filing in line with his regulatory obligations (DTR 5) shortly.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.