3 Jan 2019 09:34
HIGHLAND GOLD MINING LIMITED
03 January 2019
Holding(s) in Company
Highland Gold Mining Limited ("Highland Gold" or the "Company", AIM: HGM) reports that, following the issuance of new shares to Aristus Holdings Limited ("Aristus") for the Valunisty acquisition as announced on 31 December 2018, several shareholders with significant interests in the Company (over 3%) became indirect holders of additional shares by way of their participation in Aristus.
The holdings in question are as follows:
Name | Percentage of Enlarged Issued Share Capital Held Directly | Number of Ordinary Shares Held via Aristus | Percentage of Enlarged Issued Share Capital (Direct & Indirect) |
Roman Abramovich | 7.15% | 9,364,710 | 9.73% |
Denalot Worldwide Limited | 4.48% | 9,655,334 | 7.13% |
Erlinad Holdings Limited | 2.65% | 4,150,829 | 3.79% |
The issued share capital of Highland Gold as of today is 363,843,441 ordinary shares of £0.001 per share. This number may be used by Highland Gold shareholders as the denominator for calculations by which they will determine if they are required to notify of their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.
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
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Numis Securities Limited (Nominated Adviser and Joint Broker) | John Prior, James Black, Paul Gillam +44 (0) 207 260 1000
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BMO Capital Markets Limited (Joint Broker) | Jeffrey Couch, Tom Rider, Pascal Lussier Duquette +44 (0) 207 236 1010
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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)i | ||||||
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: | 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)iii: | ||||||
3. Details of person subject to the notification obligationiv | ||||||
Name | Roman Abramovich | |||||
City and country of registered office (if applicable) | ||||||
4. Full name of shareholder(s) (if different from 3.)v | ||||||
Name | ||||||
City and country of registered office (if applicable) | ||||||
5. Date on which the threshold was crossed or reachedvi: | 28 December 2018 | |||||
6. Date on which issuer notified (DD/MM/YYYY): | 31/12/2018 | |||||
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 issuervii | |||
Resulting situation on the date on which threshold was crossed or reached | 9.73% | 9.73% | 35 390 020 | |||
Position of previous notification (if applicable) | 8.00% | 8.00% | ||||
8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii | |||||||||
A: Voting rights attached to shares | |||||||||
Class/type ofshares ISIN code (if possible) | Number of voting rightsix | % 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 | 26 025 310 | 9 364 710 | 7.15% | 2.57% | |||||
SUBTOTAL 8. A | 35 390 020 | ||||||||
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B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) | |||||||||
Type of financial instrument | Expirationdatex | Exercise/Conversion Periodxi | Number of voting rights that may be acquired if the instrument is exercised/converted. | % of voting rights | |||||
SUBTOTAL 8. B 1 | |||||||||
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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 | Expirationdatex | Exercise/Conversion Period xi | Physical or cash settlementxii | Number of voting rights | % of voting rights | ||||
SUBTOTAL 8.B.2 | |||||||||
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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) issuerxiii | ||||
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 entityxiv (please add additional rows as necessary) | ||||
Namexv | % 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 informationxvi | ||||
38,621,43 shares were issued to Aristus Holdings Limited ("Aristus") as consideration payable pursuant to the Subscription Agreement on acquisition by Highland Gold Mining Limited of 100% interest in three companies, owning one operating gold mine and two significant licence areas in the Russian region of Chukotka.
Mr. Roman Abramovich received additional indirect voting rights through Aristus, in which he indirectly holds 24.2575% of the share capital. | ||||
Place of completion | London |
Date of completion | 31 December 2018 |