Beacon Hill Resources plc Holding(s) in Company (9166Z)

TIDMBHR

RNS Number : 9166Z

Beacon Hill Resources plc

16 December 2014

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                      Beacon Hill 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 
----------------------------------------------------------------  ----------------------------- 
 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                               X 
----------------------------------------------------------------  ----------------------------- 
 Other (please specify): 
---------------------------------------------------------  -----  ----------------------------- 
 3. Full name of person(s)                                       Henderson Global Investors 
  subject to the 
  notification obligation: 
  (iii) 
-----------------------------------------------------------  ---------------------------------- 
 4. Full name of shareholder(s)                                  Henderson Global Investors 
  (if different from 3.):(iv)                                      Darwin Strategic Limited 
-----------------------------------------------------------  ---------------------------------- 
 5. Date of the transaction                                           15 December 2014 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ---------------------------------- 
 6. Date on which issuer                                              16 December 2014 
  notified: 
-----------------------------------------------------------  ---------------------------------- 
 7. Threshold(s) that is/are                                    Below 23%, 22% & 21% (please 
  crossed or                                                         refer to section 13) 
  reached: (vi, vii) 
-----------------------------------------------------------  ---------------------------------- 
 
 
 
 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       127,775,205         127,775,205                                   127,775,205                   2.79% 
               ----------------  ---------------------  --------------  ---------  ------------  ------------  ----------- 
 GB00B4WM8G33 
-------------      ------------    ------------  -----  -------  -----    -------  ------------      --------    --------- 
 
 B: Qualifying Financial Instruments 
-------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
-------------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration      Exercise/                              Number of voting           % of voting 
 financial           date            Conversion                             rights that                rights 
 instrument          (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          Exercise        Expiration      Exercise/              Number of voting           % of voting 
 financial         price           date            Conversion             rights instrument          rights (xix, 
 instrument                        (xvii)          period                 refers to                  xx) 
                                                   (xviii) 
---------------  --------------  --------------  ---------------------  -------------------------  ----------------------- 
                                                                                                    Nominal       Delta 
-------------                                    ---------------------                             ------------  --------- 
    Warrants        GBP0.001       23/06/2017                                   99,999,999             2.18% 
    Warrants         GBP0.001       26/06/2017                                  121,123,526            2.64% 
    Warrants         GBP0.001       30/06/2017                                  138,035,566            3.01% 
    Warrants         GBP0.001       28/07/2017                                   40,840,808            0.89% 
    Warrants        GBP0.0035       01/10/2017                                  250,000,000            5.45% 
    Warrants        GBP0.0035       15/09/2017                                  175,000,000            3.82% 
---------------  --------------  --------------  -----  -------  -----  -------------------------  ------------  --------- 
 
 Total (A+B+C) 
-------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                          Percentage of voting rights 
---------------------------------------------------------------  --------------------------------------------------------- 
                          952,775,104                                                      20.80% 
---------------------------------------------------------------  --------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
-------------------------------------------------------------------------------------------- 
 Henderson Global Investors holds 549,999,900 non-dilution 
  warrants, referencing 12.00% voting rights. 
 
  Darwin Strategic Limited holds 274,999,999 non-dilution 
  warrants and 127,775,205 ordinary shares, referencing 
  8.79% voting rights. 
 
  Darwin Strategic Limited is an investment held by funds 
  managed by Henderson Global Investors. Accordingly, 
  Darwin Strategic Limited is a company in which Henderson 
  Global Investors is deemed to have a controlling interest 
  for the purpose of FCA DTR disclosure reporting. 
 
 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: 
-------------------------------------------------------------  ----------------------------- 
 
                                                                Henderson Global Investors' 
  13. Additional information:                                   warrant holding provides 
                                                                access to voting rights yet 
                                                                to be issued. 
-------------------------------------------------------------  ----------------------------- 
 14. Contact name:                                                    Scott Dickenson 
-------------------------------------------------------------  ----------------------------- 
 15. Contact telephone number:                                         020 7818 4184 
-------------------------------------------------------------  ----------------------------- 
 
 

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