Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The normal rules for the Scheme provide for the Exercise Price to be a price equal to the 6 month VWAP of a Share immediately preceding the grant of a SAR which in the present case would be 0.53p per Share, but in view of the decline in the Company’s share price a higher Exercise Price has been agreed at 1.21p – approximately double the Company’s share price at the time of settling the Award.
Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
Type of financial instrument Expiration
date x Exercise/
Conversion Period xi Physical or cash
Settlement xii Number of voting rights % of voting rights
Swap Cash 150,000,000 5.53%
SUBTOTAL 8.B.2 150,000,000 5.53%
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
Name xv % of voting rights if it equals or is higher than the notifiable threshold % of voting rights through financial instruments if it equals or is higher than the notifiable threshold Total of both if it equals or is higher than the notifiable threshold
Paul Britton 0% 5.53% 5.53%
Capstone Investment Advisors, LLC 0% 5.53% 5.53%
Happy days
What does the Market Maker Code 911 Mean? The market maker code 911 is an indicator to look out for because it tells investors that a pending news release or press release may be on the way.