Companies

Former Glen Dimplex boss ups stake in Providence Resources

Sean O’Driscoll now holds 4.4 per cent of the shares in the oil and gas exploration company through his investment vehicle Roaring Waters

Sean O’Driscoll, the former chief executive of Glen Dimplex, has increased his stake in Providence, the Irish oil and gas exploration company. Picture: Feargal Ward

Sean O’Driscoll, the former chief executive of Glen Dimplex, has increased his holding in Providence Resources, the Irish oil and gas exploration company.

O’Driscoll, who holds the stake through his Roaring Waters investment vehicle along with his wife Rose O’Riordan, now holds 4.4 per cent of the shares in Providence, according to the latest filings.

That stake is made up of 47.2 million shares, which is currently worth €944,000 at the company’s current share price ...