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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
West African | LSE:WAFM | London | Ordinary Share | VGG9544K1021 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 1.25 | 1.00 | 1.50 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMWAFM
RNS Number : 5977H
West African Minerals Corporation
08 June 2017
For immediate release
8 June 2017
West African Minerals Corporation
("West African" or the "Company")
Holding(s) in Company
The Board of the Company announces that on 8 June 2017, the Company received the following TR-1 notification which is set out below without material amendment:
1. Identity of the issuer or the underlying issuer of existing West African Minerals Corporation 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 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 Panetta Partners Limited obligation: iii ------------------------------------------------------- --------------------------------------- 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 08/06/2017 ------------------------------------------------------- --------------------------------------- 6. Date on which issuer notified: 08/06/2017 ------------------------------------------------------- --------------------------------------- 16, 17, 18, 19, 20, 21, 22, 7. Threshold(s) that is/are 23, 24, 25, 26, 27, 28, 29, crossed or reached: vi, vii 30 ------------------------------------------------------- --------------------------------------- 8. Notified details: ------------------------------------------------------------------------------------------------------------------ A: Voting rights attached to shares viii, ix ------------------------------------------------------------------------------------------------------------------ Class/type Situation previous Resulting situation after the of shares to the triggering triggering transaction transaction if possible using the ISIN CODE ----------------- ----------------------------- ---------------------------------------------------------------- Number Number Number Number of voting % of voting of Shares of Voting of shares rights rights x Rights ----------------- ------------- -------------- -------------- ------------------------- --------------------- Direct Direct Indirect Direct Indirect xi xii ----------------- ------------- -------------- -------------- -------------- --------- ---------- --------- VG G9544K1021 57,559,574 57,559,775 116,087,103 116,087,103 - 30.45% ----------------- ------------- -------------- -------------- -------------- --------- ---------- --------- B: Qualifying Financial Instruments ----------------------------------------------------------------------------------- Resulting situation after the triggering transaction ----------------------------------------------------------------------------------- Type of financial Expiration Exercise/ Number of voting % of voting instrument date xiii Conversion rights that rights 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 financial Exercise Expiration Exercise/ Number of voting % of voting instrument price date xvii Conversion rights instrument rights xix, period refers to xx xviii ------------------ --------- ----------- ------------ ------------------- ---------------- Nominal Delta ------------------ --------- ----------- ------------ ------------------- -------- ------ Total (A+B+C) ------------------------------------------------------ Number of voting rights Percentage of voting rights ------------------------ ---------------------------- 116,087,103 30.45% ------------------------ ---------------------------- 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: E. J. Lukins, Cooley (UK) LLP, Dashwood, 69 Old Broad Street, London EC2M 1QS ------------------------------- ------------------------------------- 15. Contact telephone number: 020 7556 4261 ------------------------------- -------------------------------------
For further information contact:
West African Minerals Corporation Gerard Holden +44 (0) 1624 639 396 Roland Cornish Beaumont Cornish Limited (Nominated Adviser) Michael Cornish +44 (0)20 7628 3396 Beaufort Securities Limited (Broker) Jon Belliss +44 (0)20 7382 8300
About West African Minerals Corporation
West African Minerals Corporation ((AIM: WAFM) is an iron ore mining and exploration group which has built a portfolio of iron ore assets. Through its 100 % owned subsidiary Compagnie Minière du Cameroun SA, the Group owns exploration licenses spanning the coastal regions in proximity to existing and developing ports, to licenses in the southeast along the extensive iron ore corridor that hosts other advanced deposits.
Further information and a copy of this announcement is available on the Group is available at www.westafricanminerals.com
ENDS
This information is provided by RNS
The company news service from the London Stock Exchange
END
HOLUWRNRBNANRAR
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June 08, 2017 12:07 ET (16:07 GMT)
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