- Regal Petroleum said that substantial changes in the shareholdings in the company by large investors Energees Management and Pelidona Services were related to an internal restructuring.

The changes did not therefore affect the ultimate beneficial ownership of their combined shareholding in the company, Regal said. Energees Management was wholly-owned by Pelidona Services and the changes to their respective interests reflected the transfer by Energees Management of its entire shareholding to Pelidona Services.

Pelidona Services is owned by Lovitia Investments Limited, which is in tern owned by Vadim Novinskiy.

At 9:29am: [LON:RPT] Regal Petroleum PLC share price was +0.35p at 50.35p

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