Xtract Energy PLC (AIM: XTR) said it sold a further 10.67 million of the shares it holds in MEO Australia Ltd (ASX: MEO) for A$2.37 million.
It reiterated that it will use the money to support the growth of the other investments within its portfolio and for working capital purposes.
Following the latest sale, Xtract retains 14,375,629 MEO shares, or approximately 3.4 percent of the capital.
As a result of the decrease in the size of Xtract's interest in MEO, future announcements made by MEO on the Australian Stock Exchange will no longer be relayed as a matter of routine by Xtract on AIM.