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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Vast Resources Plc | LSE:VAST | London | Ordinary Share | GB00BQ7WTT20 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.0075 | 7.69% | 0.105 | 0.10 | 0.11 | 0.105 | 0.0975 | 0.0975 | 143,192,510 | 11:11:30 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Nonmtl Minrl Svcs, Ex Fuels | 3.72M | -10.51M | -0.0024 | -0.42 | 4.24M |
TIDMVAST
RNS Number : 2355T
Vast Resources PLC
13 November 2023
Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
13 November 2023
Vast Resources plc
('Vast' or the 'Company')
TR-1 Disclosure
Vast Resources plc, the AIM-listed mining company, announces a TR-1 Disclosure detailed below. The disclosure provided is as of when the 5% threshold was crossed. The Company has received confirmation that the position has been reduced to nil but that there is no additional regulatory obligation for this investor to report any further change in their holdings as their minimum reporting hurdle is 5%.
TR-1: S tandard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible) (i) 1a. Identity of the issuer or the VAST RESOURCES PLC underlying issuer of existing shares to which voting rights are attached (ii) : -------------------------------------------- 1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) Non-UK issuer ---- 2. Reason for the notification (please mark the appropriate box or boxes with an "X") An acquisition or disposal of voting rights X ---- An acquisition or disposal of financial instruments X ---- An event changing the breakdown of voting rights ---- Other (please specify) (iii) : ---- 3. Details of person subject to the notification obligation (iv) Name Capstone Investment Advisors, LLC City and country of registered office New York City, USA (if applicable) 4. Full name of shareholder(s) (if different from 3.) (v) Name Barclays Bank PLC -------------------------------------------- City and country of registered office London, UK (if applicable) -------------------------------------------- 5. Date on which the threshold was 08/11/2023 crossed or reached (vi) : -------------------------------------------- 6. Date on which issuer notified 10/11/2023 (DD/MM/YYYY): -------------------------------------------- 7. Total positions of person(s) subject to the notification obligation % of voting % of voting rights Total of both Total number rights attached through financial in % (8.A + of voting rights to shares (total instruments 8.B) held in issuer of 8. A) (total of 8.B (8.A + 8.B) 1 + 8.B 2) (vii) ------------------ --------------------- -------------- -------------------- Resulting situation on the date on which threshold was crossed or reached 4.14% 0 4.14% 180,000,000 ------------------ --------------------- -------------- -------------------- Position of previous notification (if applicable) 6.14% 0 6.14% ------------------ --------------------- -------------- -------------------- 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached (viii) A: Voting rights attached to shares Class/type of Number of voting rights % of voting rights shares (ix) ISIN code (if possible) Direct Indirect Direct Indirect (DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1) --------------------- GB00BMD68046 180,000,000 4.14% --------------------- --------------------- -------------------- ---------------- SUBTOTAL 8. A 180,000,000 4.14% -------------------------------------------- -------------------------------------- B 1: Financial Instruments according to DTR5.3.1R (1) (a) Type of financial Expiration Exercise/ Number of voting % of voting instrument date Conversion Period rights that may rights (x) (xi) be acquired if the instrument is exercised/converted. ----------- ------------------------- -------------------------- ---------------- SUBTOTAL 8. B 1 ------------------------- -------------------------- ---------------- B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b) Type of financial Expiration Exercise/ Physical Number of % of voting instrument date (x) Conversion or cash voting rights rights Period (xi) Settlement (xii) ---------------- ---------------- ----------------- ---------------- SUBTOTAL 8.B.2 ----------------- ---------------- 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer (xiii) Full chain of controlled undertakings through which the voting rights X and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary) (xiv) Name (xv) % of voting rights % of voting rights Total of both if if it equals or through financial it equals or is is higher than the instruments if it higher than the notifiable threshold equals or is higher notifiable threshold than the notifiable threshold ---------------------- --------------------- ------------------------ Paul Britton 4.14% 0% 4.14% ---------------------- --------------------- ------------------------ Capstone Investment Advisors, LLC 4.14% 0% 4.14% ---------------------- --------------------- ------------------------ 10. In case of proxy voting, please identify: Name of the proxy holder ----------------------------------------------- The number and % of voting rights held ----------------------------------------------- The date until which the voting rights will be held ----------------------------------------------- 11. Additional information (xvi) Place of completion London, UK Date of completion 10/11/2023 --------------
For further information, visit www.vastplc.com or please contact:
Vast Resources plc www.vastplc.com Andrew Prelea (CEO) +44 (0) 20 7846 0974 Andrew Hall (CCO) Beaumont Cornish - Financial www.beaumontcornish.com & Nominated Advisor +44 (0) 20 7628 3396 Roland Cornish James Biddle Shore Capital Stockbrokers www.shorecapmarkets.co.uk Limited - Joint Broker +44 (0) 20 7408 4050 Toby Gibbs / James Thomas (Corporate Advisory) Axis Capital Markets Limited www.axcap247.com - Joint Broker +44 (0) 20 3206 0320 Richard Hutchinson St Brides Partners Limited www.stbridespartners.co.uk Susie Geliher +44 (0) 20 7236 1177
ABOUT VAST RESOURCES PLC
Vast Resources plc is a United Kingdom AIM listed mining company with mines and projects in Romania, Tajikistan, and Zimbabwe.
In Romania, the Company is focused on the rapid advancement of high-quality projects by recommencing production at previously producing mines.
The Company's Romanian portfolio includes 100% interest in Vast Baita Plai SA which owns 100% of the producing Baita Plai Polymetallic Mine, located in the Apuseni Mountains, Transylvania, an area which hosts Romania's largest polymetallic mines. The mine has a JORC compliant Reserve & Resource Report which underpins the initial mine production life of approximately 3-4 years with an in-situ total mineral resource of 15,695 tonnes copper equivalent with a further 1.8M-3M tonnes exploration target. The Company is now working on confirming an enlarged exploration target of up to 5.8M tonnes.
The Company also owns the Manaila Polymetallic Mine in Romania, which the Company is looking to bring back into production following a period of care and maintenance. The Company has also been granted the Manaila Carlibaba Extended Exploitation Licence that will allow the Company to re-examine the exploitation of the mineral resources within the larger Manaila Carlibaba licence area.
Vast has an interest in a joint venture company which provides exposure to a near term revenue opportunity from the Takob Mine processing facility in Tajikistan. The Takob Mine opportunity, which is 100% financed, will provide Vast with a 12.25 percent royalty over all sales of non-ferrous concentrate and any other metals produced. Processing of stockpiled ore on site is expected to commence in mid-2022.
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(END) Dow Jones Newswires
November 13, 2023 03:00 ET (08:00 GMT)
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