Global Resources Investment Trust Plc (LSE:GRIT) said 30% shareholder Peter Yunghanns will sell its entire stake to Peterhouse Capital Limited. The investment trust said as part of completion process, Peterhouse intends to place all, or a significant portion of the shares with third party clients. It noted the sale is conditional upon, and will take effect from the lifting of the suspension of trading in the company's shares. If this has not been achieved by March 1, 2021 the vendor has the right to terminate the sale.