Pageant Holdings increases stake in Providence Resources

Providence chief executive Tony O’Reilly

Pageant Holdings, the investment vehicle controlled by Nick Furlong, has upped its stake in Irish oil and gas explorer Providence Resources.

Pageant last week said it now holds almost six million shares in Providence, or 4.2 per cent of the company. That’s up from a holding of 3 per cent it disclosed in June.

The jump in Pageant’s stake now makes it one of the top six owners of Providence’s stock, which has ...