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Holdings in Company

17 Mar 2015 09:00

RNS Number : 6328H
Stratex International PLC
17 March 2015
 



Stratex International Plc / Index: AIM / Epic: STI / Sector: Mining

 

Stratex International Plc

 

('Stratex' or 'the Company')

 

Holdings in the Company

 

 

Stratex International Plc, the AIM-quoted exploration and development company has been notified of the following change of shareholdings in the Company. Exploration Capital Partners 2012 Limited Partnership now own 8.92%.

 

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

STRATEX INTERNATIONAL PLC

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments

An event changing the breakdown of voting rights

Other (please specify):

3. Full name of person(s) subject to thenotification obligation: iii

EXPLORATION CAPITAL PARTNERS 2012

LIMITED PARTNERSHIP

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

EXPLORATION CAPITAL PARTNERS 2012

LIMITED PARTNERSHIP

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

March 13, 2015

6. Date on which issuer notified:

March 16, 2015

7. Threshold(s) that is/are crossed orreached: vi, vii

9% (NINE PERCENT)

 

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type ofshares

if possible usingthe ISIN CODE

Situation previousto the triggeringtransaction

Resulting situation after the triggering transaction

NumberofShares

NumberofVotingRights

Numberof shares

Number of votingrights

% of voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

COMMON

42,202,925

42,202,925

41,702,925

41,702,925

0

8.924%

0

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

 

% of voting rights xix, xx

 

 

 

Nominal

Delta

 

 

 

Total (A+B+C)

Number of voting rights

Percentage of voting rights

41,702,925

8.924%

 

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

 

 

 

 

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will ceaseto hold:

12. Date on which proxy holder will cease to holdvoting rights:

13. Additional information:

14. Contact name:

GRETCHEN CARTER

15. Contact telephone number:

760-444-5254

 

For further information please visit www.stratexinternational.com, email info@stratexplc.com, or contact:

 

Stratex International Plc

Tel: +44 (0)20 7830 9650

Bob Foster / Christopher Hall / Claire Bay

 

Grant Thornton UK LLP

Tel: +44 (0)20 7383 5100

Philip Secrett / Melanie Frean / Jen Clarke

 

Northland Capital Partners Limited

Tel: +44 (0)20 7382 1100

Gerry Beaney / David Hignell/

Alice Lane /John Howes

 

SP Angel Corporate Finance LLP

Tel: +44 (0)20 3470 0500

Ewan Leggat / Tercel Moore

 

Yellow Jersey PR Limited

Tel: +44 (0)7747 788 221

Dominic Barretto / Philip Ranger / Anna Legge

 

Notes to Editors:

 

Focused on the exploration and development of gold and high-value base metals, Stratex International is active in Turkey and Senegal and has strategic interests in East Africa and Ghana. Since listing on AIM in 2006, Stratex has had an impressive track record of successful exploration supported by joint-venture partnerships, both with major international mining companies and local companies to maximise the potential of its discoveries.

 

To date Stratex has discovered more than 2.2 million ounces of gold and 7.9 million ounces of silver, as well as 186,000 tonnes of copper. The Company is looking to completion of construction of its 45%-owned Altıntepe gold project in Turkey in Q2-2015 and anticipates gold production soon thereafter. Additionally a 1% production royalty capped at US$20 million will be due from the Öksüt project, also in Turkey, with first production provisionally targeted for late-2016 by owners Centerra Gold. With its current cash position and projected cash returns, the Company is well-placed to advance its existing exploration programmes and is also actively seeking to acquire advanced projects that are at the drill-ready stage or even have identified resources.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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