Finance & Investing | Capital Markets
Ukraine Player Cub Energy's Largest Shareholder Ups Stake
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Cub Energy Inc. has reported that its largest shareholder, Pelicourt Limited, has informed the Company it has acquired additional common shares of Cub on the open market.
Cub's Chairman and Chief Executive Officer, Mikhail Afendikov, owns a 31% interest in Pelicourt, and Cub's Senior Advisor, Robert J. Bensh, owns a 7% interest in Pelicourt, and is Managing Director of Pelicourt.
Pelicourt currently owns 123.3 million common shares of Cub representing approximately 39.5% of the issued and outstanding common shares of the Company. Of the Pelicourt holdings, Mr. Afendikov controls 38.2 million common shares of Cub representing approximately 12.2% of the Company's issued and outstanding common shares. Through his interest in Pelicourt, Mr. Bensh controls 8.6 million common shares of Cub…
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