RNS

RNS Number : 7985O
Arc Minerals Limited
22 May 2018
 

Arc Minerals Ltd / Epic: ARCM / Market: AIM / Sector: Mining & Exploration

 

 

22 May 2018

Arc Minerals Ltd 

('Arc' or the 'Company')

 

Notification of Major Shareholding - Mrs. Ann Gloag O.B.E.

 

Arc Minerals announces that it was notified by Mrs. Ann Gloag O.B.E. that she has a beneficial interest in 16,171,218 ordinary shares in the Company representing 3% of the issued share capital. A TR-1 form received by the Company today has been included in full below.

 

Mrs. Gloag stated:

"I was happy to participate in Arc Minerals' recent share placing in support of the Board's growth plans including the development of the Zamsort Copper Cobalt project in Zambia. 

 

I have long believed in the regeneration of Africa through investment and commercial development and have supported this through both my charitable and commercial activities. My investment in Arc Minerals is fully aligned with this philosophy.

 

I look forward to progress being reported over the coming months."

 

Nick von Schirnding, Executive Chairman of Arc stated: "I welcome Ann Gloag as a major shareholder in Arc.  We are at a very exciting juncture and I am confident that as we deliver on our strategy we will generate significant value for all our stakeholders."

 

 

**ENDS**

 

Contacts

 

Arc Minerals Ltd

Nick von Schirnding (Chairman)

 

+44 (0) 20 3874 8664

SP Angel (Nominated Adviser & Broker)

Ewan Leggat / Lindsay Mair / Soltan Tagiev

+44 (0) 20 3470 0470

 

 

 

 

 

 


TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES



1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached:
ii

Arc Minerals Limited

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

x

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached


An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments


An event changing the breakdown of voting rights


Other (please specify):



3. Full name of person(s) subject to the
notification obligation:
iii

Ann Gloag O.B.E.

4. Full name of shareholder(s)
 (if different from 3.):iv


5. Date of the transaction and date on
which the threshold is crossed or
reached:
v

21 May 2018

6. Date on which issuer notified:

21 May 2018

7. Threshold(s) that is/are crossed or
reached:
vi, vii

3%

 

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of
shares


if possible using
the ISIN CODE

Situation previous
to the triggering
transaction

Resulting situation after the triggering transaction

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ordinary Shares

0.01p

0

0

16,171,218

16,171,218


3.00

%




B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date
xiii

Exercise/
Conversion Period
xiv

Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.

% of voting
rights

N/A

 






C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial
instrument

Exercise price

Expiration date xvii

Exercise/
Conversion period
xviii

Number of voting rights instrument refers to

 

% of voting rights xix, xx

 

N/A

 




 

 

Nominal

Delta




Total (A+B+C)

Number of voting rights

Percentage of voting rights

16,171,218

3.00

%

 

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
xxi

 

 


Proxy Voting:

10. Name of the proxy holder:


11. Number of voting rights proxy holder will cease
to hold:


12. Date on which proxy holder will cease to hold
voting rights:




13. Additional information:



14. Contact name:

 

Graeme Dickson

 

15. Contact telephone number:

 

+44 (0) 203 411 1889

 

 

 


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