Avesoro Resources Inc. TR-1: Notification of Major Interest in Shares (5710J)

TIDMASO

RNS Number : 5710J

Avesoro Resources Inc.

29 June 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
----------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                                         Avesoro Resources Inc 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: 
-------------------------------------------------------------  -------------------------------------------- 
 2 Reason for the notification (please tick the appropriate 
  box or boxes): 
----------------------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights 
------------------------------------------------------------------------------------------------------- 
 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                                              Disclosure due to increased aggregation       X 
  specify):                                                 of holdings (See '13. Additional 
                                                            Information' below) 
---------------------------------------------------------  -------------------------------------------- 
 3. Full name of person(s)                                                 Richard Griffiths and controlled 
  subject to the                                                                               undertakings 
  notification obligation: 
-----------------------------------------------------------  ---------------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.): 
-----------------------------------------------------------  ---------------------------------------------- 
 5. Date of the transaction                                                                    26 June 2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: 
-----------------------------------------------------------  ---------------------------------------------- 
 6. Date on which issuer                                                                       29 June 2017 
  notified: 
-----------------------------------------------------------  ---------------------------------------------- 
 7. Threshold(s) that is/are                                                                           > 6% 
  crossed or 
  reached: 
-----------------------------------------------------------  ---------------------------------------------- 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
---------------------------------------------------------------------------------------------------------------------- 
 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 
                  Shares              Voting                              rights 
                                      Rights 
--------------  ------------------  ----------------  ----------------  -----------------------  --------------------- 
                                                       Direct            Direct        Indirect   Direct    Indirect 
--------------      --------------    ------------    ----------------  ------------  ---------  --------  ----------- 
 
 
 
  CA0515471070   286,851,471         286,851,471       341,851,471       341,851,471              6.42% 
                ------------------  ----------------  ----------------  ------------  ---------  --------  ----------- 
 
 
 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 
                                        Period              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           Exercise          Expiration      Exercise/           Number of                % of voting 
 financial          price            date            Conversion           voting rights            rights 
 instrument                                          period               instrument 
                                                                          refers to 
----------------  ----------------  --------------  ------------------  -----------------------  --------------------- 
                                                                                                  Nominal     Delta 
----------------  ----------------  --------------  ------------------  -----------------------  ----------  --------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                 Percentage of voting rights 
------------------------------------------------------  -------------------------------------------------------------- 
 341,851,471                                             6.42% 
------------------------------------------------------  -------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
------------------------------------------------------------------------------------------------ 
   Blake Holdings Limited         185,557,000 
    Seren Investment Management 
     Limited                        88,794,471 
    Sarossa Plc                     55,000,000 
    Oak Trust Limited               12,500,000 
    Total                          341,851,471 
                                  ------------ 
 
 
 
   The above undertakings are all controlled by Richard 
   Griffiths 
 
 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: 
-------------------------------------------------------------  --------------------------------- 
 
                                                                Sarossa Plc has now become 
  13. Additional information:                                   a controlled undertaking 
                                                                of Richard Griffiths for 
                                                                DTR rule purposes. As such 
                                                                Sarossa Plc's shareholding 
                                                                in Avesoro Resources Inc, 
                                                                as shown in box 9, is now 
                                                                aggregated into 'Richard 
                                                                Griffiths and controlled 
                                                                undertakings' disclosures. 
                                                                The movement in shares in 
                                                                this disclosure is due to 
                                                                that aggregation and no further 
                                                                shares in Avesoro Resources 

                                                                Inc were acquired by Richard 
                                                                Griffiths, his controlled 
                                                                undertakings or Sarossa Plc 
                                                                as part of this disclosure. 
-------------------------------------------------------------  --------------------------------- 
 14. Contact name:                                                               James Sutcliffe 
-------------------------------------------------------------  --------------------------------- 
 15. Contact telephone number:                                                   [phone] 
-------------------------------------------------------------  --------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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June 29, 2017 04:29 ET (08:29 GMT)