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Atlantic Coal – Mount Charles buys shares

Pennsylvania-focused Atlantic Coal (LON:ATC) said Mount Charles bought over 142mln shares in the miner from Yorkville on Friday at 0.13p a share for around £185,000.
Atlantic Coal – Mount Charles buys shares
Mount Charles is owned equally by Atlantic's executive chairman Adam Wilson and Mary Best, the wife of the firm's managing director Steve Best

Pennsylvania-focused Atlantic Coal (LON:ATC) said Mount Charles bought over 142mln shares in the miner from Yorkville on Friday at 0.13p a share for around £185,000.

Mount Charles is owned equally by Atlantic's executive chairman Adam Wilson and Mary Best, the wife of the firm's managing director Steve Best.

Following this Wilson owns around 2.83% of the shares and Best has about 0.44%.

Atlantic also noted that Spring Capital also has a call option over the purchase of around 71mln shares held by Mount Charles, also at 0.13p a share.

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Newswire
January 12 2016

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