Last checked at 20 Nov 2017 18:14
Stratex International Plc
("Stratex" or the "Company")
Holding(s) in Company
Stratex International Plc, the AIM-quoted gold exploration and development company, has received the below major holding notification.
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS | ||||||
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1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: | Stratex International plc | |||||
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) | ||||||
Non-UK issuer |
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2. Reason for the notification (please mark the appropriate box or boxes with an "X") | ||||||
An acquisition or disposal of voting rights |
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An acquisition or disposal of financial instruments |
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An event changing the breakdown of voting rights | X | |||||
Other (please specify)iii: |
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3. Details of person subject to the notification obligationiv | ||||||
Name | Argyle Street Management Holdings Limited Argyle Street Management Limited | |||||
City and country of registered office (if applicable) | Road Town Tortola, British Virgin Islands | |||||
4. Full name of shareholder(s) (if different from 3.)v | ||||||
Name | Preston Road Limited ASM Connaught House (Master) Fund II LP ASM Connaught House Fund LP | |||||
City and country of registered office (if applicable) | Road Town Tortola, British Virgin Islands Grand Cayman, Cayman Islands | |||||
5. Date on which the threshold was crossed or reachedvi: | 20 November 2017 | |||||
6. Date on which issuer notified (DD/MM/YYYY): | 20 November 2017 | |||||
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 | 11.49% | 0 | 11.49% | 467,311,276 | ||
Position of previous notification (if applicable) | 11.49% | 0 | 11.49% |
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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) | ||||||
GB00B0T29327 | 53,710,219 |
| 11.49% |
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SUBTOTAL 8. A | 53,710,219 | 11.49% | |||||||
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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 | |||||
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| 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 | ||||
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| 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 |
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Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary) | X | |||
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 | |
ASM Connaught House General Partner Limited | 6.09% | 0 | 6.09% | |
ASM Connaught House Fund LP | 6.09% | 0 | 6.09% | |
Albany Road Limited | 0 | 0 | 0 | |
ASM Connaught House General Partner II Limited | 5.40% | 0 | 5.40% | |
ASM Connaught House Fund II LP | 5.40% | 0 | 5.40% | |
ASM Connaught House (Master) Fund II LP | 5.40% | 0 | 5.40% | |
Caroline Hill Limited | 0 | 0 | 0 | |
Preston Road Limited | 0 | 0 | 0 | |
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10. In case of proxy voting, please identify: | ||||
Name of the proxy holder |
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The number and % of voting rights held |
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The date until which the voting rights will be held |
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11. Additional informationxvi | ||||
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Place of completion | Hong Kong |
Date of completion | 20 November 2017 |
** ENDS **
For further information please visit www.stratexinternational.com, @StratexPLC on Twitter, email info@stratexplc.com, or contact:
Stratex International Plc | Tel: +44 (0)20 7830 9650 |
Dr Bob Foster / Claire Bay
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Grant Thornton UK LLP | Tel: +44 (0)20 7383 5100 |
Samantha Harrison / Daniel Bush
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Hannam & Partners | Tel: +44 (0)20 7907 8500 |
Neil Passmore / Andrew Chubb
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Camarco | Tel: +44 (0)20 3757 4980 |
Gordon Poole / Nick Hennis / Monique Perks |
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Notes to Editors:
Since listing in 2006, Stratex has discovered more than 2.2 million ounces of gold and 7.09 million ounces of silver, as well as 186,000 tonnes of copper. The Company owns 15% of a copper-gold project at feasibility stage and an exciting exploration project in Senegal. The Company also has significant interests in Thani Stratex Resources Ltd and Tembo Gold Corp. for their exploration projects in Djibouti and Egypt, and Tanzania respectively.