Holding(s) in Company

 

TIDMATH TIDM0HAR 
 
RNS Number : 1349E 
ATH Resources plc 
15 December 2009 
 

 
 
 
 
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|                                     |                   15  December 2009 | 
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ATH Resources plc 
 
 
("ATH Resources" or "the Group") 
 
 
Holdings in Company 
 
 
The Company was notified by AXA S.A. on 11 December 2009 that through AXA 
Investment Managers UK Ltd., ("AXA IM"), following an acquisition of Ordinary 
Shares of 0.5 pence each ("Ordinary Shares") in the issued share capital of the 
Company, it now holds an indirect interest in 4,556,000 Ordinary Shares, 
representing 11.37% of the issued share capital of the Company.  AXA IM also has 
an indirect interest in 25,000 Ordinary Shares, representing 0.06% of the issued 
share capital of the Company. 
 
 
AXA S.A., through AXA IM, now holds an aggregate interest in 4,581,000 Ordinary 
Shares, representing 11.43% of the Company's issued share capital. 
 
 
- Ends - 
 
 
 
For further information: 
+-------------------------------------------+------------------------+ 
| ATH Resources plc                         |                        | 
+-------------------------------------------+------------------------+ 
| Tom Allchurch, Chief Executive            |  Tel: [phone] | 
|                                           |                    462 | 
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| [e-mail]                   |         www.ath.co.uk  | 
+-------------------------------------------+------------------------+ 
 
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| Seymour Pierce Ltd                        |                        | 
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| Sarah Jacobs                              |   Tel: [phone] | 
|                                           |                   8000 | 
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|                                           |  www.seymourpierce.com | 
+-------------------------------------------+------------------------+ 
 
  Media enquiries: 
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| Abchurch                                  |                        | 
+-------------------------------------------+------------------------+ 
| Charlie Jack / George Parker              |   Tel: [phone] | 
|                                           |                   7719 | 
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| [e-mail]          | www.abchurch-group.com | 
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Notes to Editors 
 
 
ATH Resources is an AIM-listed operator of surface coal mines in the UK with 
five operational mines in Scotland; Skares Road, Grievehill and Laigh Glenmuir 
in East Ayrshire, Glenmuckloch in Dumfries and Galloway and Muir Dean in Fife. 
The Company is currently the third largest producer of coal in the UK producing 
approximately  2 million tonnes per annum. Coal is used to generate around a 
third of the UK's electricity and the Company now holds coal supply contracts 
with four of the UK's main electricity generating companies. 
 
 
The management team has been in place since 1998. It acquired the rights to 
operate (and subsequently acquire) the Skares Road mine with support from The 
Alchemy Plan. Following ATH Resources' incorporation in October 2003, and backed 
by a follow on investment from The Alchemy Plan, the Company acquired the 
Garleffan mine in November 2003. Garleffan is currently being restored having 
finished coaling in June 2006. ATH Resources listed on the AIM market of the 
London Stock Exchange in June 2004. 
 
 
In June 2005, having raised GBP18 million by way of an Open Offer, the Group 
acquired two new opencast sites, Grievehill and Glenmuckloch in Scotland. The 
acquisition increased the Group's reserve base by 160%. 
In May 2006, the Group acquired ATH Regeneration a successful coal recovery, 
land remediation and regeneration business with a particular focus on colliery 
spoil heap reclamation projects. The acquisition, which was earnings enhancing, 
allowed ATH to build on its skills as a regenerator of land, whilst developing 
strong relationships with key English planning authorities. The Company has been 
successfully integrated into the Group. The operational diversification that the 
acquisition brings to the Group will be a significant driver of ATH's organic 
growth going forward both in the UK and overseas and the business is actively 
pursuing a number of projects in Australia. 
 
 
For the year ending 28 September 2008, the Group achieved turnover of GBP76.9 
million, an increase of 9% on its 2007 year end, while Operating Profit 
increased by 8% to GBP11.9m for the same period. 
 
 
Further information on ATH Resources can be found at www.ath.co.uk. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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