Last checked at 26 Jan 2021 15:27
Oriole Resources PLC
('Oriole' or 'the Company')
Holding(s) in Company
Oriole Resources PLC (AIM: ORR), the AIM-quoted exploration company focussed on West Africa, announces that Argyle Street Management Holdings Limited's holding in the Company has been diluted to below 3% and consequently it no longer has a notifiable interest.
** ENDS **
For further information please visit www.orioleresources.com, @OrioleResources on Twitter,
or contact:
Oriole Resources PLC Tim Livesey / Bob Smeeton / Claire Bay
| Tel: +44 (0)20 7830 9650 |
Blytheweigh (IR/PR contact) Tim Blythe / Megan Ray / Rachael Brooks
| Tel: +44 (0)20 7138 3204 |
Grant Thornton UK LLP Samantha Harrison / Seamus Fricker / George Grainger
| Tel: +44 (0)20 7383 5100 |
Shard Capital Partners LLP Damon Heath / Erik Woolgar / Isabella Pierre
| Tel: +44 (0)20 186 9900 |
Notes to Editors:
Oriole Resources PLC is an AIM-listed exploration company, operating West Africa. It is focused on early-stage exploration in Cameroon (Bibemi and Wapouzé projects) and the more advanced Senala gold project in Senegal, where IAMGOLD has the option to spend US$8m to earn a 70% interest. Year 2 commitments have been met at all three projects. The Company has several interests and royalties in companies operating throughout Africa and Turkey that could deliver future cash flow, and it continues to assess new opportunities in both regions.
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS | |||||||
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: | Oriole Resources PLC | ||||||
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) | |||||||
Non-UK Issuer | |||||||
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 |
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An event changing the breakdown of voting rights |
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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 | ASM Connaught House (Master) Fund II LP ASM Connaught House Fund LP | ||||||
City and country of registered office (if applicable) | Grand Cayman, Cayman Islands | ||||||
5. Date on which the threshold was crossed or reachedvi: | 22 January 2021 | ||||||
6. Date on which issuer notified (DD/MM/YYYY): | 26 January 2021 | ||||||
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 | 2.99% | 0 | 2.99% | 1,461,155,197 | |||
Position of previous notification (if applicable) | 3.68% | 0 | 3.68% |
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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 | 43,710,219 |
| 2.99% |
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SUBTOTAL 8. A | 43,710,219 | 2.99% | |||||||||||
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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 | 1.59% | 0 | 1.59% | ||||||||||
ASM Connaught House Fund LP | 1.59% | 0 | 1.59% | ||||||||||
ASM Connaught House General Partner II Limited | 1.40% | 0 | 1.40% | ||||||||||
ASM Connaught House Fund II LP | 1.40% | 0 | 1.40% | ||||||||||
ASM Connaught House (Master) Fund II LP | 1.40% | 0 | 1.40% | ||||||||||
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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 | |||||||||||||
Place of completion | Hong Kong |
Date of completion | 26 January 2021 |