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CNR Condor Gold Plc

31.50
1.25 (4.13%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Condor Gold Plc LSE:CNR London Ordinary Share GB00B8225591 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.25 4.13% 31.50 31.00 32.00 31.50 30.25 30.25 307,134 16:20:33
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 0 -2.53M -0.0140 -22.50 56.95M

Condor Gold PLC Holding(s) in Company (7246T)

09/01/2017 5:10pm

UK Regulatory


Condor Gold (LSE:CNR)
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From Apr 2019 to Apr 2024

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TIDMCNR

RNS Number : 7246T

Condor Gold PLC

09 January 2017

9 January 2017

Condor Gold plc

("Condor" or "the Company")

Holdings in Company

Director's Dealings

The Board of Condor announces that the Company has received the following TR-1 notification which is set out below.

The Company also announces that a director, Mark Child has purchased certain of the shares disposed of as detailed in the attached TR1, as follows:

 
 Director      Shares      Price per   Date acquired   Resultant   Resultant 
                acquired    Share                       holding     percentage 
                                                                    holding 
------------  ----------  ----------  --------------  ----------  ------------ 
                                                       3,962,500 
                                       9(th) January    Ordinary 
 Mark Child    20,000      54 pence     2017            Shares     7.49% 
------------  ----------  ----------  --------------  ----------  ------------ 
 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

- Ends -

For further information please visit www.condorgold.com or contact:

 
 Condor Gold plc     Mark Child, Executive 
                      Chairman and CEO 
                      +44 (0) 20 7493 2734 
 Beaumont Cornish     Roland Cornish and 
  Limited              James Biddle 
                       +44 (0) 20 7628 3396 
  Numis Securities 
  Limited              John Prior and James 
                       Black 
                       +44 (0) 20 72601000 
 Farm Street Media   Simon Robinson 
                      +44 (0) 7593 340107 
 

About Condor Gold plc:

Condor Gold plc was admitted to AIM on 31st May 2006. The Company is a gold exploration and development company with a focus on Central America.

Condor completed a Pre-Feasibility Study (PFS) and two Preliminary Economic Assessments (PEA) on La India Project in Nicaragua in December 2014. The PFS details an open pit gold mineral reserve of 6.9M tonnes at 3.0g/t gold for 675,000 oz gold producing 80,000 oz gold p.a. for 7 years. The PEA for the open pit only scenario details 100,000 oz gold production p.a. for 8 years whereas the PEA for a combination of open pit and underground details 140,000 oz gold production p.a. for 8 years. La India Project contains a total attributable mineral resource of 18.4Mt at 3.9g/t for 2.33M oz gold and 2.68M oz silver at 6.2g/t to the CIM Code.

In El Salvador, Condor has an attributable 1,004,000 oz gold equivalent at 2.6g/t JORC compliant resource. The resource calculations are compiled by independent geologists SRK Consulting (UK) Limited for Nicaragua and Ravensgate and Geosure for El Salvador.

Disclaimer

Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulations, provides further detail in respect of the transaction as described above.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
---  ---------------------------------------------------------------- 
 a)   Name                        Mark Child 
---  --------------------------  ------------------------------------ 
 2    Reason for notification 
---  ---------------------------------------------------------------- 
 a)   Position / status           Chairman 
---  --------------------------  ------------------------------------ 
 b)   Initial notification        Initial 
       /Amendment 
---  --------------------------  ------------------------------------ 
 3    Details of the issuer, emission allowance market 
       participant, auction platform, auctioneer or auction 
       monitor 
---  ---------------------------------------------------------------- 
 a)   Name                        Condor Gold plc 
---  --------------------------  ------------------------------------ 
 b)   LEI                         Not applicable 
---  --------------------------  ------------------------------------ 
 4    Details of the transaction(s): section to be repeated 
       for (i) each type of instrument; (ii) each type 
       of transaction; (iii) each date; and (iv) each 
       place where transactions have been conducted 
---  ---------------------------------------------------------------- 
 a)   Description of              Ordinary shares of 20 pence each 
       the financial               in Condor Gold plc 
       instrument, type            ISIN GB00B8225591 
       of instrument 
       Identification 
       code 
---  --------------------------  ------------------------------------ 
      Nature of the               Purchase of 20,000 ordinary shares 
       transaction 
---  --------------------------  ------------------------------------ 
      Price(s) and volumes(s)       Price(s)   Volumes(s) 
                                    ---------  ----------- 
                                     54p        20,000 
                                    ---------  ----------- 
---  --------------------------  ------------------------------------ 
 d)   Aggregated information      n/a 
---  --------------------------  ------------------------------------ 
 e)   Date of the transaction     9(th) January 2017 
---  --------------------------  ------------------------------------ 
 f)   Place of the transaction    London Stock Exchange, AIM (XLON) 
---  --------------------------  ------------------------------------ 
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                               Condor Gold plc 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: (ii) 
---------------------------------------------------------  ---------------------------------- 
 2 Reason for the notification (please tick the appropriate 
  box or boxes): 
--------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                                 Yes 
-------------------------------------------------------------  ------------------------------ 
 An acquisition or disposal of qualifying financial                          N/A 
  instruments which may result in the acquisition 
  of shares already issued to which voting rights 
  are attached 
-------------------------------------------------------------  ------------------------------ 
 An acquisition or disposal of instruments with                              N/A 
  similar economic effect to qualifying financial 
  instruments 
-------------------------------------------------------------  ------------------------------ 
 An event changing the breakdown of voting rights                            N/A 
-------------------------------------------------------------  ------------------------------ 
 Other (please                                                               N/A 
  specify): 
--------------------------------------------------------  ---  ------------------------------ 
 3. Full name of person(s)                                  Regent Pacific Group Limited 
  subject to the 
  notification obligation: 
  (iii) 
---------------------------------------------------------  ---------------------------------- 
 4. Full name of shareholder(s)                             Regent Pacific Group Limited 
  (if different from 3.):(iv) 
---------------------------------------------------------  ---------------------------------- 
 5. Date of the transaction                                  2,340,276 shares in CNR were 
  and date on                                                 disposed of on market on 6 
  which the threshold is                                      January 2017. 
  crossed or 
  reached: (v) 
---------------------------------------------------------  ---------------------------------- 
 6. Date on which issuer                                    9 January 2017 
  notified: 
---------------------------------------------------------  ---------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                        4% 
---------------------------------------------------------  ---------------------------------- 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
---------------------------------------------------------------------------------------------------------------------- 
 Class/type   Situation previous                  Resulting situation after the 
 of            to the triggering                   triggering transaction 
 shares        transaction 
 
 if 
 possible 
 using 
 the ISIN 
 CODE 
-----------  ----------------------------------  --------------------------------------------------------------------- 
              Number            Number            Number          Number of                   % of voting 
               of                of                of shares       voting                      rights (x) 
               Shares            Voting                            rights 
                                 Rights 
-----------  ----------------  ----------------  --------------  --------------------------  ------------------------- 
                                                  Direct          Direct        Indirect      Direct        Indirect 
                                                                   (xi)          (xii) 
-----------      ------------    ------------    --------------  ------------  ------------  ------------  ----------- 
 Ordinary 
  shares            3,977,274         3,977,274       1,636,998     1,636,998           Nil        3.094%          Nil 
             ----------------  ----------------  --------------  ------------  ------------  ------------  ----------- 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of          Expiration      Exercise/                         Number of voting              % of voting 
 financial         date            Conversion                        rights that                   rights 
 instrument        (xiii)          Period (xiv)                      may be 
                                                                     acquired if 
                                                                     the 
                                                                     instrument 
                                                                     is 
                                                                     exercised/ 
                                                                     converted. 
---------------  --------------  --------------------------------  ----------------------------  --------------------- 
 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of        Exercise        Expiration      Exercise/         Number of voting              % of voting 
 financial       price          date            Conversion         rights instrument             rights (xix, 
 instrument                     (xvii)          period             refers to                     xx) 
                                                (xviii) 
-------------  --------------  --------------  ----------------  ----------------------------  ----------------------- 
                                                                                                Nominal       Delta 
-------------  --------------  --------------  ----------------  ----------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                            Percentage of voting rights 
-------------------------------------------------  ------------------------------------------------------------------- 
 1,636,998                                          3.094% 
-------------------------------------------------  ------------------------------------------------------------------- 
 
 
 
 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:                            N/A 
-------------------------------------------------------  --------------- 
 11. Number of voting rights proxy                        N/A 
  holder will cease 
  to hold: 
-------------------------------------------------------  --------------- 
 12. Date on which proxy holder will                      N/A 
  cease to hold 
  voting rights: 
-------------------------------------------------------  --------------- 
 
 
  13. Additional information:                              N/A 
-------------------------------------------------------  --------------- 
 14. Contact name:                                        Stella Fung 
-------------------------------------------------------  --------------- 
 15. Contact telephone number:                            +852 2514 6111 
-------------------------------------------------------  --------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCBRGDBLGGBGRC

(END) Dow Jones Newswires

January 09, 2017 12:10 ET (17:10 GMT)

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