Last checked at 2 Oct 2018 16:30
Oriole Resources PLC
('Oriole Resources' or 'the Company')
Holding(s) in Company
Oriole Resources, the AIM-quoted exploration company operating in Africa and Europe, announces that, following the disposal of 4,000,000 ordinary shares in the Company Hawk Investment Capital's holding has decreased from 4.27% to 3.70%.
** 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)20 830 9650 |
Camarco (IR/PR contact) Gordon Poole / Nick Hennis / Monique Perks
| Tel: +44 (0)20 3757 4980 |
Grant Thornton UK LLP Samantha Harrison / Ben Roberts / Samuel Rowe
| Tel: +44 (0)20 7383 5100 |
Hannam & Partners Neil Passmore / Andrew Chubb
| Tel: +44 (0)20 7907 8500 |
Turner Pope Investments (TPI) Ltd Ben Turner / James Pope / Andy Thacker | Tel: +44 (0)2036214120 |
Notes to Editors:
Oriole Resources PLC is an AIM-listed exploration company, operating in Africa and Europe. It is focused on early-stage exploration in Cameroon and the more advanced Dalafin gold project in Senegal, where IAMGOLD has the option to spend US$8m to earn a 70% interest. The Company has a number of interests and royalties in companies operating throughout Africa and Turkey and is assessing new opportunities in both regions.
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 | |||||||
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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 |
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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 | 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 | Morton PTC Limited as Trustee of The Morton Family Trust (MFT) and Hawk Investment Holdings Limited (HIHL) | ||||||
City and country of registered office (if applicable) | HIHL - St Peter Port, Guernsey | ||||||
4. Full name of shareholder(s) (if different from 3.)v | |||||||
Name | Hawk Investment Holdings Limited | ||||||
City and country of registered office (if applicable) | HIHL - St Peter Port, Guernsey | ||||||
5. Date on which the threshold was crossed or reachedvi: | 28/09/2018 | ||||||
6. Date on which issuer notified (DD/MM/YYYY): | 02/10/2018 | ||||||
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 | 3.70% | 0 | 3.70% | 701,801,276 | |||
Position of previous notification (if applicable) | 4.27% | 0 | 4.27% |
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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 | 26,000,000 (HIHL) |
| 3.70% |
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SUBTOTAL 8. A | 26,000,000 | 3.70% | |||||||
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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) |
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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 | |
MFT as sole shareholder of HIHL. The Board of Directors of Morton PTC are Albany Directors Limited, Mr Anthony David Holt, Robert Walter Morton (RWM) and Susan Margaret Howard Morton (SMHM). The adult beneficiaries of MFT are SMHM, RWM, Charles Morton (CNM), Edward Morton (EGM) and Andrew Morton (ARM) | 0 | 0 | 0 | |
HIHL | 3.70% | 0 | 3.70% | |
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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 | St Peter Port, Guernsey |
Date of completion | 2nd October 2018 |