Last checked at 30 Jun 2023 07:00
Shanta Gold Limited
("Shanta" or the "Company")
Notification of Major Holdings
Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and explorer, announces that to the best of the Company's knowledge the Company's former significant shareholder, Odey Asset Management LLP, is now interested in 12,232,168 ordinary shares in the capital of the Company representing approximately 1.16% of the Company's issued share capital.
This updated position is further to the position disclosed by Odey Asset Management LLP in the TR-1 notification set out below. The TR-1 notification was prepared as at 20 June 2023 and, due to an administrative error, was only delivered to the Company today.
TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
GB00B0CGR828
Issuer Name
SHANTA GOLD LIMITED
UK or Non-UK Issuer
UK
2. Reason for Notification
An acquisition or disposal of voting rights; An acquisition or disposal of financial instruments
3. Details of person subject to the notification obligation
Name
ODEY ASSET MANAGEMENT LLP
City of registered office (if applicable)
London
Country of registered office (if applicable)
United Kingdom
4. Details of the shareholder
Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above
City of registered office (if applicable)
Country of registered office (if applicable)
5. Date on which the threshold was crossed or reached
20-Jun-2023
6. Date on which Issuer notified
21-Jun-2023
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 held in issuer | |
Resulting situation on the date on which threshold was crossed or reached | 3.870000 | 0.630000 | 4.500000 | 47283591 |
Position of previous notification (if applicable) | 7.140000 | 1.220000 | 8.360000 |
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
8A. Voting rights attached to shares
Class/Type of shares ISIN code(if possible) | Number of direct voting rights (DTR5.1) | Number of indirect voting rights (DTR5.2.1) | % of direct voting rights (DTR5.1) | % of indirect voting rights (DTR5.2.1) |
GB00B0CGR828 | 40705913 | 0 | 3.870000 | 0.000000 |
Sub Total 8.A | 40705913 | 3.870000% | ||
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
Type of financial instrument | Expiration date | Exercise/conversion period | Number of voting rights that may be acquired if the instrument is exercised/converted | % of voting rights |
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Sub Total 8.B1 | ||||
8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))
Type of financial instrument | Expiration date | Exercise/conversion period | Physical or cash settlement | Number of voting rights | % of voting rights |
Contract for Difference | Non applicable | Cash | 6577678 | 0.630000 | |
Sub Total 8.B2 | 6577678 | 0.630000% | |||
9. Information in relation to the person subject to the notification obligation
1. 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) issuer.
Ultimate controlling person | Name of controlled undertaking | % 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 |
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10. In case of proxy voting
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional Information
none
12. Date of Completion
21-Jun-2023
13. Place Of Completion
London
Enquiries:
Shanta Gold Limited |
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Eric Zurrin (CEO) | +44 (0) 14 8173 2153 |
Michal Devine (CFO) |
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Nominated Adviser and Joint Broker |
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Liberum Capital Limited |
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Scott Mathieson / Kane Collings / Nikhil Varghese | +44 (0) 20 3100 2000 |
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Public Relations |
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FTI Consulting |
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Sara Powell / Nick Hennis | +44 (0) 20 3727 1426 |
About Shanta Gold
Shanta Gold is an East Africa-focused responsible gold producer, developer, and explorer. The company has an established operational track record, with defined ore resources on the New Luika and Singida projects in Tanzania, with reserves of 625 Koz grading 2.91 g/t, and exploration licences covering approximately 800 km2 in the country. Alongside New Luika and Singida, Shanta also owns the high-grade West Kenya Project in Kenya and licences with resources of 1.7 million ounces including 722 Koz in the Indicated category grading 11.45 g/t. With a healthy balance sheet, a growing diversified portfolio and a maiden dividend paid in 2021, Shanta offers a resilient investment opportunity for the near and long-term. Shanta is quoted on London's AIM market (AIM: SHG) and has approximately 1,051 million shares in issue.
ENDS