Metminco Limited Substantial Shareholder Dealing (2882E)

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RNS Number : 2882E

Metminco Limited

08 February 2018

 
 AIM ANNOUNCEMENT   8 February 2018 
 
 

SUBSTANTIAL SHAREHOLDER DEALING

Metminco Limited ("Metminco" or the "Company") (ASX: MNC; AIM: MNC) has today received the following notifications from:

-- Lanstead Capital LP ("Lanstead"), a Substantial Shareholder: sold 9,031,266 ordinary shares in the Company ("Shares") in an off-market trade on 2 February 2018 at a price of A$0.0420 per Share, reducing its shareholding in the Company from 19,316,456 Shares representing 15.19% of the Company's issued share capital to 10,285,190 Shares representing 8.09% of the Company's issued share capital. Lanstead is now individually considered to be a Significant Shareholder of the Company.

-- Lanstead III LLC ("Lanstead III") acquired an initial shareholding in Metminco of 9,031,266 Shares in an off-market trade on 2 February 2018 at a price of A$0.0420 per Share for an initial interest in the Company of 7.10% of the Company's issued share capital. Lanstead is now individually considered to be a Significant Shareholder of the Company.

The Company has enquired with Lanstead and Lanstead III as to whether they are considered to be associated parties in order to determine if together they are to be considered a Substantial Shareholder. An update will be provided as appropriate.

Graeme Hogan

Company Secretary

 
 
   For further information, 
   please contact: 
   METMINCO LIMITED 
 Graeme Hogan                        Office: +61 (0) 2 
                                      9460 1856 
 
 NOMINATED ADVISOR AND BROKER 
 RFC Ambrian 
 Australia 
 Andrew Thomson / Alena Broesder     Office: +61 (0) 2 
                                      9250 0000 
 
 United Kingdom 
 Charlie Cryer                       Office: +44 (0) 20 
                                      3440 6800 
 
 JOINT BROKER 
 SP Angel Corporate Finance 
  LLP (UK) 
 Ewan Leggat                         Office: +44 (0) 20 
                                      3470 0470 
 
 PUBLIC RELATIONS 
 Camarco 
  United Kingdom 
 Gordon Poole / Nick Hennis          Office: + 44 (0) 20 
                                      3757 4997 
 
 Media + Capital Partners 
 Australia 
 Luke Forrestal                      Office: +61 (0) 411 
                                      479 144 
 

Forward Looking Statement

All statements other than statements of historical fact included in this announcement including, without limitation, statements regarding future plans and objectives of Metminco are forward-looking statements. When used in this announcement, forward-looking statements can be identified by words such as "anticipate", "believe", "could", "estimate", "expect", "future", "intend", "may", "opportunity", "plan", "potential", "project", "seek", "will" and other similar words that involve risks and uncertainties.

These statements are based on an assessment of present economic and operating conditions, and on a number of assumptions regarding future events and actions that, as at the date of this announcement, are expected to take place. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, its directors and management of Metminco that could cause Metminco's actual results to differ materially from the results expressed or anticipated in these statements.

The Company cannot and does not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this announcement will actually occur and investors are cautioned not to place undue reliance on these forward-looking statements. Metminco does not undertake to update or revise forward-looking statements, or to publish prospective financial information in the future, regardless of whether new information, future events or any other factors affect the information contained in this announcement, except where required by applicable law and stock exchange listing

This information is provided by RNS

The company news service from the London Stock Exchange

END

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February 08, 2018 02:57 ET (07:57 GMT)