Xtract Resources plc Holding(s) in Company (5846Q)

TIDMXTR

RNS Number : 5846Q

Xtract Resources plc

30 November 2016

 
                             For immediate release 30 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 28 , 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-------------------------------------------------------------  --------------------------------- 
 6. Date on which issuer                                                       November 29, 2016 
  notified: 
-------------------------------------------------------------  --------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                                     18.00 % 
-------------------------------------------------------------  --------------------------------- 
 
 
 
 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                    3,401,533,333              3,401,533,333                  3,148,333,333            3,148,333,333                                    17.22% 
                       -------------------------  -------------------------  -----------------------  -----------------------  -------------------  -------------------  ------------------ 
 
 
 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 

-----------------------------------------------------------------------------  ------------------------------------------------------------------------------------------------------------ 
 3,148,333,333                                                                  17.22% 
-----------------------------------------------------------------------------  ------------------------------------------------------------------------------------------------------------ 
 
 
 
 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 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 30, 2016 09:01 ET (14:01 GMT)