In a lively week for Providence Resources, the cinema mogul Tom Anderson has sold off 10 million of his shares. Providence announced the sale to the markets this morning, alongside a separate announcement noting media speculation over a deal for the Ballyroe oil and gas field. It was reported in the Business Post on Thursday that Providence had finalised a deal over the Barryroe field with a Norwegian consortium called SpotOn Energy. Despite heavy selling by Tom Anderson, who sold 1.1 per cent of the company’s share capital on the day, the share price reacted strongly to the Business Post…
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