Xtract Resources plc Holding(s) in Company (4057Z)

TIDMXTR

RNS Number : 4057Z

Xtract Resources plc

14 March 2017

 
                                For immediate release 
                                     14 March 2017 
 
                                 Xtract Resources Plc 
                              ("Xtract" or the "Company") 
 
                                  Holding 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)                                                 Alex Terry 
  subject to the 
  notification obligation: 
  (iii) 
-------------------------------------------------------------  ---------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
-------------------------------------------------------------  ---------------------- 
 5. Date of the transaction                                               10 Mar 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-------------------------------------------------------------  ---------------------- 
 6. Date on which issuer                                                  13 Mar 2017 
  notified: 
-------------------------------------------------------------  ---------------------- 
 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          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                      % of voting 
                     of                of               of shares         voting                         rights (x) 
                     Shares            Voting                             rights 
                                       Rights 
------------------  ---------------  ---------------  ----------------  -----------------------------  ------------------------- 
                                                       Direct            Direct            Indirect     Direct        Indirect 
                                                                          (xi)              (xii) 
------------------      -----------    -----------    ----------------  ----------------  -----------  ------------  ----------- 
 Ordinary 
 Shares of 
 0.01p 
 ISIN:GB00B06QGC57   0                0                1,237,500,000     1,237,500,000     0            3.90% 
                    ---------------  ---------------  ----------------  ----------------  -----------  ------------  ----------- 
 
 
 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 
------------------------------------------------------  ------------------------------------------------------------------------ 
 1,237,500,000                                           3.90% 
------------------------------------------------------  ------------------------------------------------------------------------ 
 
 
 
 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:                                               Alex Terry 
------------------------------------------------------------  ------------- 
 15. Contact telephone number: 
------------------------------------------------------------  ------------- 
 
 

Enquiries:

 
 Xtract Resources       Colin Bird, Executive             [phone] 
  Plc                    Chairman                          6471 
                        Michael Cornish 
                         Roland 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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March 14, 2017 07:02 ET (11:02 GMT)