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Highland Gold Mining - Holding(s) in Company

Fri, 15th Feb 2019 16:34

RNS Number : 2729Q
Highland Gold Mining Limited
15 February 2019
 

 

HIGHLAND GOLD MINING LIMITED

15 February 2019

 

 

Holding(s) in Company

 

Highland Gold Mining Limited ("Highland Gold" or the "Company", AIM: HGM) announces that, further to its earlier announcement today regarding the sale by Aristus Holdings Limited ("Aristus") of its 38,621,343 ordinary shares of £0.001 each in the Company ("Ordinary Shares") to its beneficiaries, several shareholders with significant interests in the Company (over 3%) saw changes in their direct shareholding in the Company.

 

The holdings in question are as follows:

 

Name

Percentage of Issued Share Capital Previously Held Directly

Percentage of Issued Share Capital Previously Held Directly & Indirectly

Number of Ordinary Shares Acquired from Aristus

New Percentage of Issued Share Capital Held Directly

Roman Abramovich

7.15%

9.73%

*11,583,506

10.34%

Denalot Worldwide Limited

4.48%

7.13%

9,655,334

7.13%

Erlinad Holdings Limited

2.65%

3.79%

*1,932,033

3.18%

 

*   2,218,796 Ordinary Shares previously beneficially-owned by Erlinad Holdings Limited were acquired by Roman Abramovich as per agreement between the parties.

 

The shares sold by Aristus, which were issued by Highland Gold as consideration for its recent acquisition of the Valunisty mine and related assets, are subject to a six-month Lock-In Agreement (effective from the date of Admission of the consideration shares). These three shareholders, as well as the other Aristus beneficiaries, continue to be bound by both the Lock-In Agreement and the Relationship Agreement with the Company, as described in the Company's circular of 26 April 2018.

 

 

FOR FURTHER INFORMATION PLEASE CONTACT:

 

Highland Gold Mining Ltd.

John Mann, Head of Communications

+ 7 495 424 95 21

Duncan Baxter, Non-Executive Director

+ 44 (0) 1534 814 202

 

Numis Securities Limited

(Nominated Adviser and Joint Broker)

John Prior, James Black, Paul Gillam

+44 (0) 207 260 1000

 

BMO Capital Markets Limited

(Joint Broker)

Jeffrey Couch, Tom Rider, Pascal Lussier Duquette

+44 (0) 207 236 1010

 

Peat & Co

(Joint Broker)

Charlie Peat

+44 (0) 207 104 2334

 

 

 

TR-1: Standard form for notification of major holdings

 

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Highland Gold Mining Limited

1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)

Non-UK issuer

X

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):

3. Details of person subject to the notification obligation

Name

Roman Abramovich

City and country of registered office (if applicable)

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

Name

City and country of registered office (if applicable)

5. Date on which the threshold was crossed or reached:

12 February 2019

6. Date on which issuer notified (DD/MM/YYYY):

15/02/2019

7. Total positions of person(s) subject to the notification obligation

% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuer

Resulting situation on the date on which threshold was crossed or reached

10.34%

10.34%

37 608 816

Position of previous notification (if

applicable)

9.73%

9.73%

 

 

 

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

A: Voting rights attached to shares

Class/type of shares

ISIN code (if possible)

Number of voting rights

% of voting rights

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Ordinary shares

GB0032360173

37 608 816

0

10.34%

0.00%

SUBTOTAL 8. A

37 608 816

 

 

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expiration date

Exercise/ Conversion Period

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights

SUBTOTAL 8. B 1

 

 

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

Type of financial instrument

Expiration date

Exercise/ Conversion Period

Physical or cash

settlement

Number of voting rights

% of voting rights

SUBTOTAL 8.B.2

 

 

 

 

 

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

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)

Name

% 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

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

Mr. Roman Abramovich acquired 11 583 506 shares from Aristus Holdings Limited.

 

Place of completion

Moscow

Date of completion

15 February 2019

 

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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