Xtract Resources plc Holding(s) in Company (6013J)

TIDMXTR

RNS Number : 6013J

Xtract Resources plc

29 June 2017

For immediate release

29 June 2017

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                                                                       II, LLC 
  notification obligation:                                      (2) Yorkville Advisors Global, 
  (iii)                                                                                     LP 
                                                                            (3) YA II PN, Ltd. 
                                                                     (4) YA Global II SPV, LLC 
-----------------------------------------------------------  --------------------------------- 
 4. Full name of shareholder(s)                                   Jarvis Investment Management 
  (if different from 3.):(iv)                                                              Ltd 
                                                                           (Registered Holder) 
-----------------------------------------------------------  --------------------------------- 
 5. Date of the transaction                                                      June 12, 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  --------------------------------- 
 6. Date on which issuer                                                         June 27, 2017 
  notified: 
-----------------------------------------------------------  --------------------------------- 
 7. Threshold(s) that is/are 
  crossed or 
  reached: (vi, vii)                                                                        3% 
-----------------------------------------------------------  --------------------------------- 
 
 
 
 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                        5,600,135                5,600,135                                     4,100,135                                            2.38% 
                         ------------------------  ----------------------  ---------------------  --------------------  --------------------  --------------------  ----------------------- 
 
 
 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 
---------------------------------------------------------------------------  -------------------------------------------------------------------------------------------------------------- 
 4,100,135                                                                    2.38% 

---------------------------------------------------------------------------  -------------------------------------------------------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
--------------------------------------------------------------------------------- 
                        Yorkville Advisors Global II, 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 
------------------------------------------------------------  ------------------- 
 
 

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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(END) Dow Jones Newswires

June 29, 2017 07:17 ET (11:17 GMT)