Holding(s) in Company (0472U)

TIDMNGL

RNS Number : 0472U

Norseman Gold PLC

15 December 2011

 
 
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
------------------------------------------------------------------------------------------------ 
 
 1. Identity of the issuer or the underlying                                   Norseman Gold plc 
  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                            x 
  effect to qualifying financial instruments 
--------------------------------------------------------------------------------------  -------- 
 An event changing the breakdown of voting rights 
--------------------------------------------------------------------------------------  -------- 
 Other (please 
  specify): 
-------------------  -----------------------------------------------------------------  -------- 
 3. Full name of person(s) subject             RAB Capital Limited acting as discretionary 
  to the                                        manger for RAB Special Situations (Master) 
  notification obligation: (iii)                Fund Limited 
--------------------------------------------  -------------------------------------------------- 
 4. Full name of shareholder(s)                               Credit Suisse Client Nominees (UK) 
  (if different from 3.):(iv)                                                            Limited 
--------------------------------------------  -------------------------------------------------- 
 5. Date of the transaction and date                                                  09.12.2011 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
--------------------------------------------  -------------------------------------------------- 
 6. Date on which issuer notified:                                                    09.12.2011 
--------------------------------------------  -------------------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                                                      3 - 9% 
--------------------------------------------  -------------------------------------------------- 
 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
------------------------------------------------------------------------------------------------------------------- 
 Class/type     Situation previous                 Resulting situation after the triggering 
 of              to the triggering                  transaction 
 shares          transaction 
 
 if possible 
 using 
 the ISIN 
 CODE 
-------------  ---------------------------------  ----------------------------------------------------------------- 
                Number           Number            Number     Number of voting             % of voting rights 
                 of               of               of          rights                       (x) 
                 Shares           Voting           shares 
                                  Rights 
-------------  ---------------  ----------------  ---------  ---------------------------  ------------------------- 
                                                   Direct     Direct          Indirect     Direct     Indirect 
                                                               (xi)            (xii) 
-------------   ----  --------  -----  ---------  ---------  --------------  -----------  ---------  -------------- 
 N/A            N/A              N/A               N/A        N/A             N/A          N/A        N/A 
               ---------------  ----------------  ---------  --------------  -----------  ---------  -------------- 
 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------- 
 Type of financial     Expiration       Exercise/                    Number of voting            % of voting 
  instrument            date (xiii)      Conversion Period            rights that may             rights 
                                         (xiv)                        be 
                                                                      acquired if the 
                                                                      instrument is 
                                                                      exercised/ converted. 
--------------------  ---------------  ---------------------------  --------------------------  ------------------- 
 N/A                   N/A              N/A                          N/A                         N/A 
--------------------  ---------------  ---------------------------  --------------------------  ------------------- 
 
 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 rights 
 financial        price           date (xvii)       Conversion        voting rights     (xix, xx) 
 instrument                                         period (xviii)    instrument 
                                                                      refers to 
--------------  --------------  ----------------  ----------------  ----------------  ----------------------------- 
                                                                                       Nominal       Delta 
-------------   ----            -----             --------          -------           ------------  --------------- 
 Convertible 
  Loan           GBP0.06         25/10/2013        N/A               16,876,712                      16,876,712 
 
  Warrants        GBP0.12         25/10/2013        Until expiry      16,666,667                      16,666,667 
--------------  --------------  ----------------  ----------------  ----------------  ------------  --------------- 
 
 Total (A+B+C) 
------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                     Percentage of voting rights 
----------------------------------------------------------  ------------------------------------------------------- 
 33,543,379 
                                                              *9.36% 
----------------------------------------------------------  ------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
------------------------------------------------------------------------------------- 
 
  RAB Capital Limited acts as investment manager for RAB Special Situations 
  (Master) Fund Limited (the "Fund") which is the beneficial owner of the 
  securities disclosed. 
 
  The legal title to these securities is held on behalf of the Fund by 
  its nominee, Credit Suisse Client Nominees (UK) Limited. 
 
 Proxy Voting: 
------------------------------------------------------------------------------------- 
 10. Name of the proxy holder:                                       n/a 
-----------------------------------------------------  ------------------------------ 
 11. Number of voting rights proxy holder will                       n/a 
  cease 
  to hold: 
-----------------------------------------------------  ------------------------------ 
 12. Date on which proxy holder will cease to                        n/a 
  hold 
  voting rights: 
-----------------------------------------------------  ------------------------------ 
 
 
  13. Additional information:                       *this figure was calculated using 
                                                    358,202,222 as the current issued 
                                              share capital of the issuer as notified 
                                                    by the issuer's company secretary 
                                                                            post AGM. 
----------------------------------------  ------------------------------------------- 
 14. Contact name:                                   RAB Capital Limited - Legal Team 
----------------------------------------  ------------------------------------------- 
 15. Contact telephone number:                                          020 7389 7000 
----------------------------------------  ------------------------------------------- 
 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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