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High Peak Royalties major shareholder increases stake

The company earns revenues through oil and gas royalties held in 15 locations.
shareholder concept
Royalties provide a share of the revenue with no direct exposure to costs

High Peak Royalties Ltd (ASX:HPR) has had its major shareholder, Noontide Investments Ltd, increase its stake in the company to 28.7% from 24.4%.

Noontide is a boutique investment management company based in Sydney, established in 2008 by David Croll.

The 8.5 million share increase results in a total holding of 48.5 million shares for Noontide.

READ: High Peak Royalties eyes opportunity to increase oil and gas royalty receipts

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