Petrolia shareholder NOCO Oil transfers shares internally

NOCO Oil & Resources Ltd. has adjusted its direct shareholding in Petrolia SE through an internal transfer from its wholly-owned subsidiary, NOCO (UK) Limited. The transaction involved NOCO (UK) Limited transferring its entire shareholding in Petrolia SE to its principal company.

The transferred shareholding comprises 3,709,888 shares, which represents 6.27% of the total shares in Petrolia SE. This move consolidates the ownership directly under the parent entity.

Following this internal restructuring, NOCO Oil & Resources Ltd. now directly holds 3,709,888 shares in Petrolia SE. The announcement clarifies that this is an internal re-domiciliation of shares, rather than an external sale or purchase.