Didn't expect them too sell more.
ARC ENERGY NL 2002-06-26 ASX-SIGNAL-G
HOMEX - Perth
+++++++++++++++++++++++++
The Directors advise that the Company has sold 1,850,000 shares in ARC Energy NL, realising a profit of $701,750, with total proceeds being $997,750. Hardman retains a holding of 7,475,000 shares, being
4.9%, in the issued capital of ARC.
Following sales earlier this month of ARC shares, the Company has realised a combined net profit of $2,969,747 in the current year from this investment.
A Notice of Ceasing to be a Substantial Holder is following.
K Davies
COMPANY SECRETARY and
CHIEF FINANCIAL OFFICER
FORM 605
NOTICE OF CEASING TO BE A SUBSTANTIAL HOLDER
Hardman Resources Ltd ceased to be a substantial shareholder in ARC
Energy NL on 25/06/2002.
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Sells more ARQ
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