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WAFM West African

1.25
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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

West African Minerals Corporation Holding(s) in Company (5977H)

08/06/2017 5:07pm

UK Regulatory


West African (LSE:WAFM)
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From Mar 2019 to Mar 2024

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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

(END) Dow Jones Newswires

June 08, 2017 12:07 ET (16:07 GMT)

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