Xtract Resources plc Holding(s) in Company (2262L)

TIDMXTR

RNS Number : 2262L

Xtract Resources plc

29 September 2016

 
 
 
 
 TR1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
------------------------------------------------------------------------------------------------------------------ 
 
 1. Identity of the issuer or the underlying                                                  Xtract Resources PLC 
  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                                                    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                                              (1) Yorkville Advisors Global, LLC 
  to the                                                                         (2) Yorkville Advisors Global, LP 
  notification obligation: (iii)                                                                (3) YA II PN, Ltd. 
-------------------------------------------------------------------------  --------------------------------------- 
 4. Full name of shareholder(s)                                                   Jarvis Investment Management Ltd 
  (if different from 3.):(iv)                                                                  (Registered Holder) 
-------------------------------------------------------------------------  --------------------------------------- 
 5. Date of the transaction and date                                                            September 27, 2016 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
-------------------------------------------------------------------------  --------------------------------------- 
 6. Date on which issuer notified:                                                              September 27, 2016 
-------------------------------------------------------------------------  --------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                                                                       12.00 % 
-------------------------------------------------------------------------  --------------------------------------- 
 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 
 Class/type            Situation previous                                  Resulting situation after the triggering 
  of                    to the triggering                                   transaction 
  shares                transaction 
 
  if possible 
  using 
  the ISIN CODE 
--------------------  --------------------------------------------------  ----------------------------------------------------------------------------------------------------------------- 
                       Number                    Number                    Number                  Number of voting                            % of voting rights 
                        of                        of                        of shares               rights                                      (x) 
                        Shares                    Voting 
                                                  Rights 
--------------------  ------------------------  ------------------------  ----------------------  ------------------------------------------  --------------------------------------------- 
                                                                           Direct                  Direct                  Indirect            Direct              Indirect 
                                                                                                    (xi)                    (xii) 
--------------------      --------------------    --------------------    ----------------------  ----------------------  ------------------  ------------------  ------------------------- 
 
 
 
   Ordinary Shares          1,032,811,415             1,032,811,415                1,875,000,000           1,875,000,000                                  12.68% 
                      ------------------------  ------------------------  ----------------------  ----------------------  ------------------  ------------------  ------------------------- 
 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 
 Type of financial         Expiration              Exercise/                                         Number of voting                              % of voting 
  instrument                date (xiii)             Conversion Period                                 rights that may                               rights 
                                                    (xiv)                                             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 rights 
  instrument              price                  date (xvii)             Conversion                 rights instrument                             (xix, xx) 
                                                                         period                     refers to 
                                                                         (xviii) 
----------------------  ----------------------  ----------------------  ------------------------  --------------------------------------------  ------------------------------------------- 
                                                                                                                                                 Nominal             Delta 
----------------------  ----------------------  ----------------------  ------------------------  --------------------------------------------  ------------------  ----------------------- 
 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                                     Percentage of voting rights 
--------------------------------------------------------------------------  --------------------------------------------------------------------------------------------------------------- 
 1,875,000,000                                                               12.68% 
--------------------------------------------------------------------------  --------------------------------------------------------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
------------------------------------------------------------------------------------------------ 
                          Yorkville Advisors Global, LLC is the general partner, and controlling 
                       person, of Yorkville Advisors Global, LP, which is the investment manager 
                          of YA II PN, Ltd. (which entity was formerly known as YA Global Master 

                                                                                      SPV, Ltd.) 
 
 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:                                                                    Troy Rillo 
---------------------------------------------------------------------------  ------------------- 
 15. Contact telephone number:                                                  001.908.906.5127 
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This information is provided by RNS

The company news service from the London Stock Exchange

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September 29, 2016 07:27 ET (11:27 GMT)