Holding(s) in Company (1929B)

TIDMNGL

RNS Number : 1929B

Norseman Gold PLC

12 April 2012

 
 
 
 
 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 
  effect to qualifying financial instruments 
-------------------------------------------------------------------------------------------------------------  ------- 
 An event changing the breakdown of voting rights 
-------------------------------------------------------------------------------------------------------------  ------- 
 Other (please                                                                   Increase in issuer's capital 
  specify):                                                                                                        * 
-------------------  ----------------------------------------------------------------------------------------  ------- 
 3. Full name of person(s) subject                            Sprott Asset Management LP 
  to the 
  notification obligation: (iii) 
-----------------------------------------------------------  --------------------------------------------------------- 
 4. Full name of shareholder(s)                               See Section 9 
  (if different from 3.):(iv) 
-----------------------------------------------------------  --------------------------------------------------------- 
 5. Date of the transaction and date                          N/A 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
-----------------------------------------------------------  --------------------------------------------------------- 
 6. Date on which issuer notified:                            April 9, 2012 
-----------------------------------------------------------  --------------------------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                          5.1% 
-----------------------------------------------------------  --------------------------------------------------------- 
 
 
 
 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 shares      rights                   (x) 
               Shares            Voting 
                                 Rights 
             ----------------  --------------------  -------------  -----------------------  ----------------------------- 
                                                      Direct         Direct      Indirect     Direct         Indirect 
                                                                      (xi)        (xii) 
               -----  -------  -------  ------  ---  -------------  ----------  -----------  -------------  -------------- 
 
 
 Ordinary 
 Shares       21,194,726        21,194,726            20,955,426                 20,955,426                  5.1% 
             ----------------  --------------------  -------------  ----------  -----------  -------------  -------------- 
 
 
 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. 
--------------------  ----------------  -------------------------------  ---------------------------  -------------------- 
 
 
 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 rights 
 financial       price           date (xvii)      Conversion          rights instrument            (xix, xx) 
 instrument                                       period              refers to 
                                                  (xviii) 
-------------  --------------  ---------------  ------------------  ---------------------------  ------------------------- 
                                                                                                  Nominal       Delta 
-------------  --------------  ---------------  ------------------  ---------------------------  ------------  ----------- 
 
 
 Total (A+B+C) 
-------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                           Percentage of voting rights 
----------------------------------------------------------------  -------------------------------------------------------- 
 20,955,426                                                        5.1% 
----------------------------------------------------------------  -------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
--------------------------------------------------------------------------------- 
 
             Sprott Asset Management LP is the portfolio manager acting on behalf 
            of the Sprott Canadian Equity Fund, Sprott Bull/Bear RSP Fund, Sprott 
            Hedge Fund L.P., Sprott Hedge Fund L.P. II, Sprott Master Fund, Ltd., 
                       Sprott Master Fund II, Ltd., and a Sprott Managed Account. 
 
 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: 
---------------------------------------------------  ---------------------------- 
 
 
  13. Additional information:              Please note the change in percentage 
                                           terms is primarily due to increase 
                                           in share capital of the company 
---------------------------------------  ---------------------------------------- 
 14. Contact name:                        Maggie Tang 
---------------------------------------  ---------------------------------------- 
 15. Contact telephone number:            1-416-943-4072 
                                           [e-mail] 
---------------------------------------  ---------------------------------------- 
 
 
 
 Note: Annex should only be submitted to the FSA not the issuer 
 Annex: Notification of major interests in share 
 
 A: Identity of the persons or legal entity subject to the notification 
  obligation 
------------------------------------------------------------------------------- 
 Full name                                           Sprott Asset Management LP 
  (including legal form of legal entities) 
------------------------------------------  ----------------------------------- 
 Contact address                             200 Bay Street, Suite 2700, PO Box 
  (registered office for legal entities)                                     27 
                                                  Royal Bank Plaza, South Tower 
                                                     Toronto, ON Canada M5J 2J1 
------------------------------------------  ----------------------------------- 
 Phone number & email 
------------------------------------------  ----------------------------------- 
 Other useful information 
  (at least legal representative for 
  legal persons) 
------------------------------------------  ----------------------------------- 
 
 B: Identity of the notifier, if applicable 
------------------------------------------------------------------------------- 
 Full name 
------------------------------------------  ----------------------------------- 
 Contact address 
------------------------------------------  ----------------------------------- 
 Phone number & email 
------------------------------------------  ----------------------------------- 
 Other useful information 
  (e.g. functional relationship with 
  the person or legal entity subject 
  to the notification obligation) 
------------------------------------------  ----------------------------------- 
 
 C: Additional information 
------------------------------------------------------------------------------- 
 
 For notes on how to complete form TR-1 please see the FSA website. 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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