A block trade is simply a large parcel of shares that is crossed from seller to buyer in a single transaction. If you have percentages of a stock to sell it can be beneficial to do it on an arranged basis.
It's done at an agreed price to save having an overhang in the market and take away price risk for both the buyer and seller in that they don't have to sit in the market dribbling/picking at stock for days at a time.
Ann: Trident infill drilling results and development underway, page-23
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