Kopernik Global Investors no longer substantial shareholder of Golden Agri-Resources

KOPERNIK Global Investors LLC – an investment management company headquartered in Tampa, Florida – has ceased to be a substantial shareholder of local palm oil player Golden Agri-Resources . 

In a bourse filing on Thursday (Nov 24), the company announced that Kopernik Global Investors had sold some 37.3 million shares of Golden Agri via a market transaction at a price of S$0.2934 apiece on Nov 3. 

The date on which Kopernik Global Investors “became aware” of the change in interest was listed as Nov 22 in the filing, with the accompanying explanation that the investment manager “regrets the delay in meeting the filing notification deadline”.  The date of notification to the listed issuer was Nov 22. 

Kopernik Global Investors has a deemed interest in the shares as it has discretionary power in the disposal rights over shares as an investment adviser, the filing said. 

With the sale, Kopernik Global Investors’ deemed interest in Golden Agri has been pared to 4.91 per cent or 622.3 million shares, from 5.2 per cent or 659.6 million shares previously. 

Shares of Golden Agri finished Thursday flat at S$0.285.