Altyn PLC Change in substantial shareholdings (1280C)

TIDMALTN

RNS Number : 1280C

Altyn PLC

17 January 2018

17 January 2018

Altyn Plc

("Altyn" or the "Company")

Change in substantial shareholdings

African Resources Limited, who is the majority shareholder owning 1,440,076,040 shares, comprising 61.69% of the issued share capital of the Company has purchased 117,730,632 shares from the shareholders of Blackwill Trade Limited at a price of GBP0.03 per share.

This is at a substantial premium of over 200% above the current share price.

Details of the Directors in the Company who have an interest in African Resources Limited, can be found in the notification of dealing form which can be found below.

This will increase the shareholding of African Resources Limited to 1,557,806,672 shares representing 66.73% of the issued share capital.

Aidar Assaubayev, CEO of Altyn Plc commented:

"The purchase of the share capital of Blackwill Trade Limited by the majority shareholder demonstrates their commitment to the Company and their strong belief in the potential returns to be achieved in the future".

Further Information:

For further information please contact:

Altyn Plc

   Rajinder Basra     [phone] 

VSA Capital Limited

Andrew Monk/Andrew Raca [phone]

Blytheweigh (Financial PR)

   Tim Blythe/Camilla Horsfall       [phone] 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.

Information on the Company

Altyn Plc (LSE:ALTN) is an exploration and development company, which is listed on the standard segment of the London Stock Exchange.

To read more about Altyn Plc please visit our website www.altyn.uk

 
 1    Details of persons discharging managerial responsibilities/person 
       closely associated 
---  -------------------------------------------------------------------- 
 a)   Names                                          Kanat Assaubayev 
                                                      Aidar Assaubayev 
                                                      Sanzhar Assaubayev 
---  ---------------------------------------------  --------------------- 
 2    Reasons for the notification 
---  ---------------------------------------------  --------------------- 
 a)   Position/status                                Kanat Assaubayev 
                                                      (Executive 
                                                      Chairman) 
                                                      Aidar Assaubayev 
                                                      (Chief Executive) 
                                                      Sanzhar Assaubayev 
                                                      (Executive 
                                                      Director) 
---  ---------------------------------------------  --------------------- 
 b)   Initial notification/amendment                 Initial notification 
---  ---------------------------------------------  --------------------- 
 3    Details of issuer 
---  ---------------------------------------------  --------------------- 
 a)   Name                                           Altyn Plc 
---  ---------------------------------------------  --------------------- 
 b)   LEI                                            213800MELPBPHIR1PO04 
---  ---------------------------------------------  --------------------- 
 4    Details of transaction(s): section to be 
       repeated for (i) each type of instrument; 
       (ii) each type of transaction; (iii) each 
       date; (iv) each place where transactions 
       have been conducted 
---  ---------------------------------------------  --------------------- 
 a)   Description of the financial instrument,       Ordinary Shares 
       type of instrument                             of 1p each 
       Identification code                            GB00B015PT76 
---  ---------------------------------------------  --------------------- 
 b)   Nature of transaction                          African Resources 
                                                      Limited 
                                                      Purchased 
                                                      117,730,632 
                                                      Ordinary shares 
---  ---------------------------------------------  --------------------- 
 c)   Prices(s) and Volumes(s)                       Prices(s) 
                                                      3 pence per 
                                                      ordinary share 
                                                      Volumes(s) 
                                                      117,730,632 
                                                      ordinary shares 
---  ---------------------------------------------  --------------------- 
 d)        Aggregated information                    N/A 
             *    Aggregated volume and price 
---  ---------------------------------------------  --------------------- 
 e)   Date of transaction                            15 January 
                                                      2018 
---  ---------------------------------------------  --------------------- 
 f)   Place of transaction                           London 
---  ---------------------------------------------  --------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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January 17, 2018 05:10 ET (10:10 GMT)