Xtract Resources plc Holding(s) in Company (7982Y)

TIDMXTR

RNS Number : 7982Y

Xtract Resources plc

07 March 2017

 
                            For immediate release 7 March 2017 
                                   Xtract Resources Plc 
                                    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 the underlying issuer                       Xtract Resources 
 of existing shares to which voting rights are                                        Plc 
 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                          Auroch Minerals Limited 
 notification obligation: (iii) 
-----------------------------------------  ---------------------------------------------- 
4. Full name of shareholder(s) 
 (if different from 3.):(iv) 
-----------------------------------------  ---------------------------------------------- 
5. Date of the transaction and date on                                       2 March 2017 
 which the threshold is crossed or 
 reached: (v) 
-----------------------------------------  ---------------------------------------------- 
6. Date on which issuer notified:                                            7 March 2017 
-----------------------------------------  ---------------------------------------------- 
7. Threshold(s) that is/are crossed or 
 reached: (vi, vii)                                                         3.00 % 
--------------------------------------------------------------------------  ------------- 
 
 
 
8. Notified details: 
------------------------------------------------------------------------------------------------------------------------------------------------------------- 
A: Voting rights attached to shares (viii, ix) 
------------------------------------------------------------------------------------------------------------------------------------------------------------- 
Class/type of      Situation previous                                         Resulting situation after the triggering transaction 
shares              to the triggering 
                    transaction 
if possible using 
the ISIN CODE 
-----------------  ---------------------------------------------------------  ------------------------------------------------------------------------------- 
                   Number                  Number                             Number          Number of voting                  % of voting rights (x) 
                    of                      of                                 of shares       rights 
                    Shares                  Voting 
                                            Rights 
-----------------  ----------------------  ---------------------------------  --------------  --------------------------------  ----------------------------- 
                                                                              Direct          Direct (xi)         Indirect      Direct             Indirect 
                                                                                                                  (xii) 
-----------------  ----------------------  ---------------------------------  --------------  ------------------  ------------  -----------------  ---------- 
 Ordinary Shares 
    of 0.01p 
ISIN:GB00B06QGC57      1,589,623,629                 1,589,623,629             539,623,629       539,623,629           0              2.5%             0 
-----------------  ----------------------  ---------------------------------  --------------  ------------------  ------------  -----------------  ---------- 
 
 
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(xiv)                             rights that may be                 rights 
                                                                                                           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 price    Expiration date (xvii)  Exercise/                  Number of voting rights instrument     % of voting rights (xix, 
 instrument                                                        Conversion period (xviii)  refers to                              xx) 
-----------------------  ----------------  ----------------------  -------------------------  -------------------------------------  ------------------------ 
                                                                                                                                     Nominal       Delta 
-----------------------  ----------------  ----------------------  -------------------------  -------------------------------------  ------------  ---------- 
 
 
Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------------------------------------------------- 
Number of voting rights                                                               Percentage of voting rights 
------------------------------------------------------------------------------------  ----------------------------------------------------------------------- 
539,623,629                                                                           2.15% 
------------------------------------------------------------------------------------  ----------------------------------------------------------------------- 
 
 
 
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: MATTHEW FOY 
------------------------------------------------------------ 
15. Contact telephone number: [phone] 
------------------------------------------------------------ 
 

Enquiries:

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

This information is provided by RNS

The company news service from the London Stock Exchange

END

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March 07, 2017 12:56 ET (17:56 GMT)