Director dealings: Obtala chairman increases stake in firm
11th Sep 2018 16:30
(Sharecast News) - Obtala chairman Miles Pelham purchased 1.6m ordinary shares in the AIM-listed timber trading firm on Tuesday.
Read moreDirector dealings: Obtala chairman ups stake
5th Sep 2018 14:57
(Sharecast News) - Obtala's chairman Miles Pelham purchased 5m ordinary shares in the Africa-focused agricultural and forestry company.
Read moreObtala completes sale of majority stake in Lifes' Comfort Solutions
22nd Dec 2016 13:15
(ShareCast News) - Obtala, the Africa-focused agricultural and forestry company, has completed the disposal of its 72.69%-owned chain of Lifes' Comfort Solutions (LCS) retail outlets in Lesotho. The sale -- to Ristabelz (Pty) Ltd -- was announced in September. "Deferred consideration of $150,000 on
Read moreObtala approved for continues listing on Social Stock Exchange
2nd Nov 2016 09:38
(ShareCast News) - Africa-focused agricultural and forestry company Obtala announced on Wednesday that, following the successful review of its year two Impact Report, it has been approved by the Admissions Panel as an ongoing member of the Social Stock Exchange. The AIM-traded firm said submission o
Read moreObtala granted CPI status by Mozambique authorities
26th Oct 2016 16:15
(ShareCast News) - Africa-focused agricultural and forestry company Obtala announced on Wednesday that its forestry subsidiary, Argento Mozambique has been awarded CPI status by the Mozambican authorities entitling it to various tax benefits and protections in return for inward investment from the c
Read moreObtala sells stake in Lesotho's Lifes Comfort Solutions for $100
23rd Sep 2016 10:21
(ShareCast News) - AIM listed agricultural and forestry company Obtala sold its stake in Lifes Comfort Solutions retail outlets in Lesotho for just $100 to Rystabelz PTY, the latest divestiture of non-essential business ventures for the company. The company is to dispose 72.69% of its stake in the r
Read moreBoard reshuffle at Obtala Resources
25th Apr 2016 13:39
(ShareCast News) - Africa-focused agricultural and forestry business Obtala Resources announced a number of board changes on Monday, including a new chairman. The AIM-traded firm has appointed Miles Pelham, who joined the board in August last year as a non-executive director, as non-executive chairm
Read moreObtala Resources to spin off timber business and list it on AIM
15th Oct 2015 11:34
(ShareCast News) - Obtala Resources has begun the process of spinning off its forestry division as it looks to list it as a separate company on AIM during the first quarter of next year. The agribusiness, timber and retail company said it has reviewed a number of opportunities for the forestry divis
Read moreObtala to buy two new timber concessions, announces cash injection plan
15th Jun 2015 08:44
Obtala Resources has completed the acquisition of two new timber concessions totalling 35,000 hectares in Mozambique and announced plans to make a $0.3m cash injection for additional capital equipment to increase operational productivity. The cash injection is expected to drive revenues generated fr
Read moreObtala launches dried fruits business in Tanzania
14th Oct 2013 11:38
Africa-focused Obtala Resources has announced a deal to establish a dried fruits business as it moves from a focus on gems to agribusiness and timber. The AIM-listed company has agreed with a local partner to set up an operating, management and marketing company specialising in growing and drying
Read moreObtala Resources appoints new FD
5th Jul 2013 09:51
Obtala Resources has appointed Joseph Philippe Cohen as its new Finance Director. Philippe has more than 30 years of experience in the natural resources and commodities sectors. He worked for 14 years in Commodities and Structured Finance at BNP Paribas and at Vitol. Philippe will be replacing Mi
Read moreObtala subsidiary signs deal with European fruit and veg firm
22nd Apr 2013 08:26
Obtala Resources, a natural resource investment and development company, announced Monday that its agricultural subsidiary, Montara Continental, has entered into an exclusive buy and sell agreement with a European-based vegetable and fruit trading company. As such, the trading company now has the
Read moreObtala Resources to sell 100m Bushveld shares
3rd Apr 2013 08:04
Obtala Resources, a natural resource investment and development company, has agreed to sell 100m of its shares in Bushveld Minerals to Endulwini Mining Corp at 13p each. The £13m sale is expected to be completed within 45 days once certain conditions have been met, including Endulwini receiving ex
Read moreBwin.party non-exec makes double purchase
19th Mar 2013 15:59
bwin.party digital entertainment announced Tuesday that one of its Non-Executive Directors has made two purchases following a report by the company admitting profits had suffered a sharp decline. Geoff Baldwin on Friday purchased 226,000 shares at 147.83p, followed by a further 74,000 on Monday at
Read moreObtala Resources raises funds to accelerate East Africa plans
20th Feb 2013 13:45
Obtala Resources shares plunged Wednesday after announcing a subscription agreement to raise funds to boost plans in East Africa. The natural resources investment and development company will issue up to 13.13m new ordinary shares of up to 1.0p each to an institutional investor over three equal ins
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