Last checked at 11 Jun 2018 14:00
Arc Minerals Ltd / Epic: ARCM / Market: AIM / Sector: Mining & Exploration
11 June 2018
TR-1 Notification: Mrs Ann Gloag
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%.
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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 |
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An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached |
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An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments |
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An event changing the breakdown of voting rights |
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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 |
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3. Full name of person(s) subject to thenotification obligation: iii | Ann Gloag O.B.E. | |||
4. Full name of shareholder(s) (if different from 3.):iv |
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5. Date of the transaction and date onwhich the threshold is crossed orreached: v | 11 June 2018 | |||
6. Date on which issuer notified: |
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7. Threshold(s) that is/are crossed orreached: vi, vii | 3% | |||
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 |
| 2.9056% |
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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
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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
| % of voting rights xix, xx
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N/A
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| Nominal | Delta | ||||||||||
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Total (A+B+C) | ||||||||||||||||
Number of voting rights | Percentage of voting rights | |||||||||||||||
16,171,218 | 2.9056% | |||||||||||||||
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: |
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11. Number of voting rights proxy holder will ceaseto hold: |
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12. Date on which proxy holder will cease to holdvoting rights: |
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13. Additional information: |
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14. Contact name: | Graeme Dickson | |
15. Contact telephone number: | +44 (0) 203 411 1889 | |
**ENDS**
Contacts
Arc Minerals Ltd Nick von Schirnding (Chairman)
| +44 (0) 20 3874 8664 |
SP Angel (Nominated Adviser & Broker) Ewan Leggat / Lindsay Mair / Soltan Tagiev | +44 (0) 20 3470 0470
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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.
ARC Minerals current holdings include:
· 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.
· 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;
· 100% ownership of the Kremnica Mining Licence Area in Slovakia which host the 1.3Moz AuEq Au PFS stage Ṧturec Gold Project;
· A 18.48% interest in Andiamo Exploration Limited, a private company exploring for gold and base metals VMS targets in Eritrea.
For more information visit www.arcminerals.com