Less Ads, More Data, More Tools Register for FREE

Pin to quick picksARMS.L Regulatory News (ARMS)

  • There is currently no data for ARMS

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Holding(s) in Company

16 Jul 2015 12:40

RNS Number : 2679T
Asia Resource Minerals PLC
16 July 2015
 



TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

Asia Resource Minerals plc

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

x

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to thenotification obligation: iii

Argyle Street Management Limited

Argyle Street Management Holdings Limited

4. Full name of shareholder(s)  (if different from 3.):iv

Asia Coal Energy Ventures Limited

Vidacos Nominees Limited

 

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

15 July 2015

6. Date on which issuer notified:

16 July 2015

7. Threshold(s) that is/are crossed orreached: vi, vii

76%

 

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

GB00B5BLXT62

182,303,643

182,303,643

240,384,053

98.79%

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

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

 

 

 

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

240,384,053

98.79%

 

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

 

The ordinary shares of Asia Resource Minerals plc are subject to a takeover offer made by Asia Coal Energy Ventures Limited ("ACE") (the "Offer"), the full terms and conditions of which were published in an offer document dated 10 June 2015.

 

On 1 July 2015, the Offer was declared unconditional in all respects and ACE thereby unconditionally contracted to acquire 164,340,834 ordinary shares in Asia Resource Minerals plc. As a result, ACE became entitled to direct the exercise of 68.20% of the voting rights in Asia Resource Minerals plc, triggering a notification requirement on such date.

 

Subsequently, on 9 July 2015, ACE unconditionally contracted to acquire an additional 4,453,646 ordinary shares in Asia Resource Minerals plc, due to further acceptances of the Offer. Accordingly, ACE thereby unconditionally contracted to acquire an aggregate of 168,794,480 in Asia Resource Minerals plc.

 

Subsequently, on 14 July 2015, ACE unconditionally contracted to acquire an additional 2,316,668 ordinary shares in Asia Resource Minerals plc, due to further acceptances of the Offer. Accordingly, ACE thereby unconditionally contracted to acquire an aggregate of 171,111,148 in Asia Resource Minerals plc.

 

Subsequently, on 15 July 2015, ACE unconditionally contracted to acquire an additional 58,080,410 ordinary shares in Asia Resource Minerals plc, due to further acceptances of the Offer. Accordingly, ACE thereby unconditionally contracted to acquire an aggregate of 229,191,558 in Asia Resource Minerals plc.

 

Argyle Street Management Holdings Limited is the parent company of Argyle Street Management Limited which is the investment manager of:

 

(i) ACE (which has unconditionally contracted to acquire 229,191,558 shares as a result of acceptances of its offer in respect of Asia Resource Minerals plc); and

 

(ii) ASM Hudson River Fund (517,073 shares), ASM Asia Recovery (Master) Fund (5,164,898 shares), ASM Co-Investment Opportunity Trust II LP (4,741,931 shares) and ASM Connaught House Fund LP (768,593 shares) (the "Funds"), being 11,192,495 shares in aggregate and representing 4.65% of the voting rights in Asia Resource Minerals plc.

 

Vidacos Nominees Limited is the nominee which holds the 11,192,495 shares on behalf of the Funds' prime broker Citigroup Global Markets Limited.

 

Argyle Street Management Holdings Limited (0% direct interest in voting rights) is the parent company of ASM Administration Limited ((0% direct interest in voting rights), which is the parent company of ACE (70.05%).

 

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will ceaseto hold:

12. Date on which proxy holder will cease to holdvoting rights:

13. Additional information:

None of the Funds alone has a discloseable interest but in aggregate their interests are discloseable.

14. Contact name:

Ivan Goh / Winnie Ng

15. Contact telephone number:

+852 2106 0888

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
HOLGGURWMUPAGGQ
Date   Source Headline
4th Dec 20144:35 pmRNSPrice Monitoring Extension
20th Nov 20147:00 amRNSAppointment of Financial Adviser
19th Nov 20149:00 amRNSQ3 2014 Production Report
17th Nov 20148:15 amRNSRefinancing Update
12th Nov 20148:16 amRNSBoard Changes
4th Nov 201412:45 pmRNSMajor Interest in Shares - further update
29th Oct 20144:33 pmRNSMajor Interest in Shares
29th Oct 20144:31 pmRNSHolding(s) in Company
26th Sep 20148:27 amRNSBerau Refinancing Update
28th Aug 20147:00 amRNSInterim Results and Q2 Production Report
26th Aug 20147:00 amRNSProduction Cap Update
21st Aug 20143:55 pmRNSDirector Declaration
12th Aug 201410:59 amRNSBond Refinancing Update
25th Jul 20147:18 amRNSBond Refinancing and Production Update
30th Jun 20142:41 pmRNSResult of Income & Capital Elections
30th Jun 20142:39 pmRNSPT Berau Management and Directorate Changes
27th Jun 20145:17 pmRNSBoard and Committee Changes
27th Jun 20145:13 pmRNSResult of EGM
27th Jun 20145:11 pmRNSResult of AGM
19th Jun 20143:47 pmRNSHolding(s) in Company
12th Jun 20147:00 amRNSChange of CEO
6th Jun 20144:03 pmRNSBoard Changes
2nd Jun 20144:41 pmRNSNotice of AGM and EGM
19th May 20147:00 amRNSDirectorate Change
19th May 20147:00 amRNSStatement re Demerger Proposal
6th May 20145:32 pmRNSStatement
30th Apr 20144:16 pmRNSTotal Voting Rights
30th Apr 201411:25 amRNSHolding(s) in Company
30th Apr 20147:00 amRNSInterim Management Statement
28th Apr 20147:00 amRNSStatement re Management Changes
17th Apr 20143:34 pmRNSDirector/PDMR Shareholding
11th Apr 201412:32 pmRNS2013 Annual Report
10th Apr 20144:35 pmRNSPrice Monitoring Extension
3rd Apr 20144:28 pmRNSHolding(s) in Company
3rd Apr 20144:28 pmRNSHolding(s) in Company
2nd Apr 20144:32 pmRNSHolding(s) in Company
1st Apr 201410:02 amRNSHolding(s) in Company
1st Apr 20149:59 amRNSHolding(s) in Company
28th Mar 20147:02 amRNSDirectorate and Board Committee Change
28th Mar 20147:02 amRNSPreliminary Results Announcement 2013
26th Mar 20145:20 pmRNSConversion Announcement
25th Mar 201412:24 pmRNSHolding(s) in Company
25th Mar 201410:08 amRNSCompletion of the Separation Transaction
19th Mar 20143:47 pmRNSUpdate on Separation Transaction
26th Feb 20145:22 pmRNSUpdate on Separation Transaction
20th Feb 201411:33 amRNSHolding(s) in Company
19th Feb 20141:43 pmRNSUpdate on Separation Transaction
12th Feb 20142:12 pmRNSFurther Update on Separation Transaction
12th Feb 20147:00 amRNSUpdate on Separation Transaction
12th Feb 20147:00 amRNSInterim Management Statement

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.