Xtract Resources plc Holding(s) in Company (1251P)

TIDMXTR

RNS Number : 1251P

Xtract Resources plc

14 November 2016

For immediate release

14 November 2016

Xtract Resources Plc

("Xtract" or the "Company")

Holdings in Company

The Board of Xtract announces that the Company has received the following TR-1 notification which is set out below without amendment.

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                             Xtract Resources 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                                  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)                                      (1) Yorkville Advisors Global, 
  subject to the                                                                           LLC 
  notification obligation:                                      (2) Yorkville Advisors Global, 
  (iii)                                                                                     LP 
                                                                            (3) YA II EQ, Ltd. 
-----------------------------------------------------------  --------------------------------- 
 4. Full name of shareholder(s)                                   Jarvis Investment Management 
  (if different from 3.):(iv)                                                              Ltd 
                                                                           (Registered Holder) 
-----------------------------------------------------------  --------------------------------- 
 5. Date of the transaction                                                 November 09 , 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  --------------------------------- 
 6. Date on which issuer                                                     November 11, 2016 
  notified: 
-----------------------------------------------------------  --------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                                   19.00 % 
-----------------------------------------------------------  --------------------------------- 
 
 
 
 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 voting                                % of voting 
                         of                        of                   of shares                 rights                                          rights (x) 
                         Shares                    Voting 
                                                   Rights 
----------------------  -----------------------  -------------------  ------------------------  ----------------------------------------------  ------------------------------------------- 
                                                                       Direct                    Direct                    Indirect              Direct                Indirect 
                                                                                                  (xi)                      (xii) 
----------------------      -------------------    ---------------    ------------------------  ------------------------  --------------------  --------------------  --------------------- 
 
 
 
   Ordinary 
   Shares                                                                        3,500,000,000             3,500,000,000                                      19.14% 
                        -----------------------  -------------------  ------------------------  ------------------------  --------------------  --------------------  --------------------- 
 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 
 Type of financial           Expiration             Exercise/                                      Number of voting                                  % of voting 
  instrument                  date                   Conversion                                     rights that                                       rights 
                              (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 financial         Exercise               Expiration         Exercise/                   Number of voting                                  % of voting 
  instrument                price                 date               Conversion                   rights instrument                                 rights (xix, 
                                                  (xvii)             period                       refers to                                         xx) 
                                                                     (xviii) 
------------------------  ---------------------  -----------------  --------------------------  ------------------------------------------------  ----------------------------------------- 
                                                                                                                                                   Nominal               Delta 
------------------------  ---------------------  -----------------  --------------------------  ------------------------------------------------  --------------------  ------------------- 
 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                                 Percentage of voting rights 
----------------------------------------------------------------------  ------------------------------------------------------------------------------------------------------------------- 
 3,500,000,000                                                           19.14% 
----------------------------------------------------------------------  ------------------------------------------------------------------------------------------------------------------- 
 
 
 
 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 EQ, Ltd. 
 
                              Cuart Investments Limited holds a 50% participation 
                                                      interest in all securities. 
 
 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 
------------------------------------------------------------  ------------------- 
 
 

Enquiries:

 
 Xtract Resources       Colin Bird, Executive             [phone] 
  Plc                    Chairman                          6471 
                        Michael Cornish                   [phone] 
 Beaumont Cornish        Felicity Geidt                    3369 
  Email: [e-mail] 
                                                          [phone] 
 Beaufort Securities    Jon Belliss                        8300 
 

ENDS

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 14, 2016 09:19 ET (14:19 GMT)