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Last checked at 
11 Jun 2018 14:00
Arc Minerals Ltd / Epic: ARCM / Market: AIM / Sector: Mining & Exploration
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11 June 2018
TR-1 Notification: Mrs Ann Gloag
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Arc Minerals ("Arc" or the "Company") has been informed that following the issue of 17.5m new ordinary shares of no par value for the acquisition of the additional 6% interest in Zamsort Limited announced on 5 June 2018, Mrs Ann Gloag's interest in the Company has fallen from 3% to 2.91%.Β
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TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES | ||||
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1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii | Arc Minerals Limited | |||
2 Reason for the notification (please tick the appropriate box or boxes): | ||||
An acquisition or disposal of voting rights | Β | |||
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached | Β | |||
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments | Β | |||
An event changing the breakdown of voting rights | Β | |||
Other (please specify): Number of voting rights unchanged but below the minimum notification threshold due to an increase in the number of shares in issue | Β | X | ||
3. Full name of person(s) subject to thenotification obligation: iii | Ann Gloag O.B.E. | |||
4. Full name of shareholder(s)Β (if different from 3.):iv | Β | |||
5. Date of the transaction and date onwhich the threshold is crossed orreached: v | 11 June 2018 | |||
6. Date on which issuer notified: | Β | |||
7. Threshold(s) that is/are crossed orreached: vi, vii | 3% | |||
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8. Notified details: | ||||||||||||||||
A: Voting rights attached to shares viii, ix | ||||||||||||||||
Class/type ofshares if possible usingthe ISIN CODE | Situation previousto the triggeringtransaction | Resulting situation after the triggering transaction | ||||||||||||||
NumberofShares | NumberofVotingRights | Numberof shares | Number of votingrights | % of voting rights x | ||||||||||||
Direct | Direct xi | Indirect xii | Direct | Indirect | ||||||||||||
Ordinary Shares 0.01p | 16,171,218 | 16,171,218 | 16,171,218 | 16,171,218 | Β | 2.9056% | Β | |||||||||
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B: Qualifying Financial Instruments | ||||||||||||||||
Resulting situation after the triggering transaction | ||||||||||||||||
Type of financialinstrument | Expirationdate xiii | Exercise/Conversion Period xiv | Number of votingrights that may beacquired if theinstrument isexercised/ converted. | % of votingrights | ||||||||||||
N/A Β | Β | Β | Β | Β | ||||||||||||
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | ||||||||||||||||
Resulting situation after the triggering transaction | ||||||||||||||||
Type of financialinstrument | Exercise price | Expiration date xvii | Exercise/Conversion period xviii | Number of voting rights instrument refers to Β | % of voting rights xix, xx Β | |||||||||||
N/A Β | Β | Β | Β | Β Β | Nominal | Delta | ||||||||||
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Total (A+B+C) | ||||||||||||||||
Number of voting rights | Percentage of voting rights | |||||||||||||||
16,171,218 | 2.9056% | |||||||||||||||
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9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi | ||
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Proxy Voting: | ||
10. Name of the proxy holder: | Β | |
11. Number of voting rights proxy holder will ceaseto hold: | Β | |
12. Date on which proxy holder will cease to holdvoting rights: | Β | |
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13. Additional information: | Β | |
14. Contact name: | Graeme Dickson | |
15. Contact telephone number: | +44 (0) 203 411 1889 | |
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**ENDS**
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Contacts
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Arc Minerals Ltd Nick von Schirnding (Chairman) Β | +44 (0) 20 3874 8664 |
SP Angel (Nominated Adviser & Broker) Ewan Leggat / Lindsay Mair / Soltan Tagiev | +44 (0) 20 3470 0470 Β Β |
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Notes to the Editors
Arc Minerals is an AIM listed exploration and mine development company focused on a diversified portfolio of mining projects with interests in Slovakia, Eritrea, the Democratic Republic of the Congo and Zambia.Β
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ARC Minerals current holdings include:
Β· 99% interest in CASA Mining Limited, a private company that has a 71.25% interest in the 1.5-million-ounce inferred Resource Akyanga gold deposit in the DRC.
Β· A 55% interest in Zamsort Limited, a private company focused on a prospective copper and cobalt licence in the Zambia Copperbelt, with approximately a five percent balance and interest (convertible note) being rolled forward to the end of 2018;
Β· 100% ownership of the Kremnica Mining Licence Area in Slovakia which host the 1.3Moz AuEq Au PFS stage αΉ¦turec Gold Project;
Β· A 18.48% interest in Andiamo Exploration Limited, a private company exploring for gold and base metals VMS targets in Eritrea.
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For more information visit www.arcminerals.com
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