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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.435 | 0.42 | 0.45 | 0.435 | 0.435 | 0.435 | 3,707,605 | 07:47:54 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Nonmtl Minrl Svcs, Ex Fuels | 3.72M | -10.51M | -0.0024 | -1.79 | 18.69M |
From Apr 2022 to Apr 2024
TIDMVAST
Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining
14 April 2023
Vast Resources plc
('Vast' or the 'Company')
Major Institutional Shareholder TR-1 Disclosure
Vast Resources plc, the AIM-listed mining company, is pleased to announce that further to the announcement made on 14 April 2023 regarding Capstone Investment Advisors LLC ("Capstone") submitting a TR-1 disclosure, the Company has received the below TR-1 from Barclays Bank which is holding Capstone's interest via a swap financial instrument.
TR-1: Standard form for notification of major holdings
Hot Features
Premium
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 underlying
issuer of existing shares to which
voting rights are attached (ii) : VAST RESOURCES PLC
----------------------------------------------- --------------------------------------------------------
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
-------------------------------------------------------------------------------------- -----------------
An event changing the breakdown of voting rights
-------------------------------------------------------------------------------------- -----------------
Other (please specify) (iii) :
-------------------------------------------------------------------------------------- -----------------
3. Details of person subject to the notification obligation (iv)
Name Barclays Bank Plc
City and country of registered office
(if applicable) London, United Kingdom
4. Full name of shareholder(s) (if different from 3.) (v)
---------------------------------------------------------------------------------------------------------
Name Barclays Capital Securities Ltd
----------------------------------------------- --------------------------------------------------------
City and country of registered office
(if applicable) London, United Kingdom
----------------------------------------------- --------------------------------------------------------
5. Date on which the threshold was
crossed or reached (vi) : 12/04/2023
----------------------------------------------- --------------------------------------------------------
6. Date on which issuer notified (DD/MM/YYYY): 14/04/2023
----------------------------------------------- --------------------------------------------------------
7. Total positions of person(s) subject to the notification obligation
---------------------------------------------------------------------------------------------------------
Total number
% of voting rights of voting rights
% of voting rights through financial held in issuer
attached to shares instruments (total Total of both (8.A + 8.B)
(total of 8. A) of 8.B 1 + 8.B 2) in % (8.A + 8.B) (vii)
----------------------- ---------------------- ------------------ ----------------- -----------------
Resulting situation
on the date on
which threshold
was crossed or
reached 5.53% 0% 5.53% 150,000,001
----------------------- ---------------------- ------------------ ----------------- -----------------
Position of previous
notification (if
applicable)
----------------------- ---------------------- ------------------ ----------------- -----------------
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
shares
ISIN code (if
possible) Number of voting rights (ix) % of voting rights
-------------------
Direct Indirect Direct Indirect
(DTR5.1) (DTR5.2.1) (DTR5.1) (DTR5.2.1)
------------------ ---------- ------------------ ----------------------------- -----------------------
GB00BMD68046 150000000 5.53%
------------------- ---------- ------------------ ----------------------------- -----------------------
SUBTOTAL 8. A 150000000 5.53%
------------------- ------------------------------ ------------------------------------------------------
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
-----------------------------------------------------------------------------------------------------------
Number of voting
rights that may be
Exercise/ acquired if the instrument
Type of financial Expiration Conversion Period is
instrument date (x) (xi) exercised/converted. % of voting rights
------------------- ---------- ------------------ ----------------------------- -----------------------
SUBTOTAL 8. B 1
------------------ ----------------------------- -----------------------
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R
(1) (b)
-----------------------------------------------------------------------------------------------------------
Physical or
Exercise/ cash
Type of financial Expiration Conversion Settlement Number of
instrument date (x) Period (xi) (xii) voting rights % of voting rights
------------------ ----------- ------------------ ------------ --------------- -----------------------
Portfolio Swap 02/01/2024 Cash 1 0%
------------------ ----------- ------------------ ------------ --------------- -----------------------
SUBTOTAL
8.B.2 1 0%
------------ --------------- -----------------------
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
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) X
----------------------------------------------------------------------------------- -----------------------
% of voting rights
through financial
% of voting rights instruments if it Total of both if
if it equals or is equals or is higher it equals or is higher
higher than the notifiable than the notifiable than the notifiable
Name (xv) threshold threshold threshold
---------------------- -------------------------------- ------------------------- -----------------------
Barclays Capital
Securities Ltd 5.53% 5.53%
---------------------- -------------------------------- ------------------------- -----------------------
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) ------------------------------------------------------------------------------------------------------------ Chain of controlled undertakings: -- Barclays PLC -- Barclays Bank PLC (100%) -- Barclays Capital Securities Ltd (100%) ------------------------------------------------------------------------------------------------------------ Place of completion London, United Kingdom ------------------- ---------------------- Date of completion 14/04/2023 ------------------- ----------------------
Market Abuse Regulation (MAR) Disclosure
Certain information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018 ("UK MAR") until the release of this announcement.
**ENDS**
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 http://www.beaumontcornish.com
& Nominated Advisor www.beaumontcornish.com
Roland Cornish +44 (0) 20 7628 3396
James Biddle
Shore Capital Stockbrokers Limited www.shorecapmarkets.co.uk
-- 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 http://www.stbridespartners.co.uk
Susie Geliher www.stbridespartners.co.uk
+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 a share of revenue generated 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 equivalent over all sales of non-ferrous concentrate and any other metals produced.
In Zimbabwe, the Company is preparing for the release of its diamonds previously mined by the Company and preparing for their marketing. Upon the finalisation of the process the Company will recommence its focus on the finalisation of the mining agreement on the Community Diamond Concession in the Marange Diamond Fields.
(END) Dow Jones Newswires
April 20, 2023 09:30 ET (13:30 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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