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Pin to quick picksVast Res Regulatory News (VAST)

Share Price Information for Vast Res (VAST)

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Holding(s) in Company

16 Jun 2023 16:00

Holding(s) in Company

Vast Resources plc / Ticker: VAST / Index: AIM / Sector: Mining

16 June 2023

Vast Resources plc(‘Vast’ or the ‘Company’)

Institutional Shareholder TR-1 Disclosure

Vast Resources plc, the AIM-listed mining company, is pleased to announce that further to the announcement made today regarding Capstone Investment Advisors LLC (“Capstone”) submitting a TR-1 disclosure regarding its increased shareholding, the Company has received the below TR-1 from Barclays Bank which was holding Capstone’s interest via a swap financial instrument. Capstone is now holding its interest directly via an outright equity holding which is the reason for Barclays Bank reducing its holding to zero percent.

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
 
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii:VAST 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 rightsX
An acquisition or disposal of financial instruments 
An event changing the breakdown of voting rights 
Other (please specify) iii: 
3. Details of person subject to the notification obligation iv
NameBarclays Bank Plc
City and country of registered office (if applicable)London, United Kingdom
4. Full name of shareholder(s) (if different from 3.) v
NameBarclays Capital Securities Ltd
City and country of registered office (if applicable)London, UK
5. Date on which the threshold was crossed or reached vi:13/06/2023
6. Date on which issuer notified (DD/MM/YYYY):15/06/2023
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 (8.A + 8.B) vii
Resulting situation on the date on which threshold was crossed or reached6.15%06.15%180,000,033
Position of previous notification (if applicable)5.53%05.53% 

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii
A: Voting rights attached to shares
Class/type ofsharesISIN code (if possible)Number of voting rights ix% of voting rights
Direct(DTR5.1)Indirect (DTR5.2.1)Direct(DTR5.1)Indirect(DTR5.2.1)
GB00BMD68046 180,000,033 6.15%
     
     
SUBTOTAL 8. A180,000,0336.15%
 
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial instrumentExpirationdate xExercise/ Conversion Period xiNumber of voting rights that may be acquired if the instrument is exercised/converted.% of voting rights
     
     
     
  SUBTOTAL 8. B 1  
 
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
Type of financial instrumentExpirationdate xExercise/ Conversion Period xiPhysical or cash Settlement xiiNumber of voting rights % of voting rights
      
      
      
   SUBTOTAL 8.B.2  
 

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) issuer xiii 
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 entity (please add additional rows as necessary) xivX
Name xv% 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 thresholdTotal of both if it equals or is higher than the notifiable threshold
Barclays Capital Securities Ltd6.15%06.15%
 
10. In case of proxy voting, please identify:
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 xvi
Barclays PLC Barclays Bank PLC (100%)Barclays Capital Securities Ltd (100%)

Place of completionLondon, United Kingdom
Date of completion15/06/2023

Market Abuse Regulation (MAR) Disclosure

Certain information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the European Union (Withdrawal) Act 2018 (“UK MAR”) until the release of this announcement.

**ENDS**

For further information, visit www.vastplc.com or please contact:

Vast Resources plcAndrew Prelea (CEO)Andrew Hall (CCO)www.vastplc.com+44 (0) 20 7846 0974
Beaumont Cornish – Financial & Nominated AdvisorRoland CornishJames Biddlewww.beaumontcornish.com+44 (0) 20 7628 3396
Shore Capital Stockbrokers Limited – Joint Broker Toby Gibbs / James Thomas (Corporate Advisory)www.shorecapmarkets.co.uk +44 (0) 20 7408 4050
Axis Capital Markets Limited – Joint Broker Richard Hutchinsonwww.axcap247.com +44 (0) 20 3206 0320
St Brides Partners LimitedSusie Geliherwww.stbridespartners.co.uk+44 (0) 20 7236 1177

ABOUT VAST RESOURCES PLC

Vast Resources plc is a United Kingdom AIM listed mining company with mines and projects in Romania, Tajikistan, and Zimbabwe.

In Romania, the Company is focused on the rapid advancement of high-quality projects by recommencing production at previously producing mines.

The Company's Romanian portfolio includes 100% interest in Vast Baita Plai SA which owns 100% of the producing Baita Plai Polymetallic Mine, located in the Apuseni Mountains, Transylvania, an area which hosts Romania's largest polymetallic mines. The mine has a JORC compliant Reserve & Resource Report which underpins the initial mine production life of approximately 3-4 years with an in-situ total mineral resource of 15,695 tonnes copper equivalent with a further 1.8M-3M tonnes exploration target. The Company is now working on confirming an enlarged exploration target of up to 5.8M tonnes.

The Company also owns the Manaila Polymetallic Mine in Romania, which the Company is looking to bring back into production following a period of care and maintenance. The Company has also been granted the Manaila Carlibaba Extended Exploitation Licence that will allow the Company to re-examine the exploitation of the mineral resources within the larger Manaila Carlibaba licence area.

Vast has an interest in a joint venture company which provides a share of revenue generated from the Takob Mine processing facility in Tajikistan. The Takob Mine opportunity, which is 100% financed, will provide Vast with a 12.25 percent royalty equivalent over all sales of non-ferrous concentrate and any other metals produced.

In Zimbabwe, the Company is preparing for the release of its diamonds previously mined by the Company and preparing for their marketing. Upon the finalisation of the process the Company will recommence its focus on the finalisation of the mining agreement on the Community Diamond Concession in the Marange Diamond Fields.

Date   Source Headline
4th Jul 20233:00 pmGNWCompany Update
3rd Jul 20237:00 amGNWCompany Update
26th Jun 20231:30 pmGNWResults of General Meeting
21st Jun 20239:56 amGNWDebt Extension Confirmation
16th Jun 20234:00 pmGNWHolding(s) in Company
16th Jun 20238:30 amGNWInstitutional Investor TR-1 Disclosure
9th Jun 20238:00 amGNWNotice of General Meeting
15th May 20237:00 amGNWCompany Update
4th May 20233:45 pmRNSTotal Voting Rights
24th Apr 20234:14 pmGNWAward of rights under the Company’s Share Appreciation Rights Scheme
20th Apr 20232:30 pmGNWMajor Institutional Shareholder TR-1 Disclosure
14th Apr 20237:00 amGNWMajor Institutional Shareholder TR-1 Disclosure
12th Apr 20237:05 amGNWPlacing to raise £978,967.40 and Baita Plai Update
12th Apr 20237:00 amGNWBaita Plai Q1 Production Report & Update, Tajikistan Update and Settlement Update
31st Mar 20237:00 amGNWUpdate on announcement of 6 February 2023
28th Mar 20234:35 pmRNSPrice Monitoring Extension
3rd Mar 20237:00 amGNWBoard Update
27th Feb 20237:00 amGNWReport on Technical Programme for Baita Plai Mine - Exploration Target for Mineral Resource upgrade and establishment of an Ore Reserve
6th Feb 202312:00 pmGNWSettlement Discussions Update
6th Feb 20237:00 amGNWPlacing to raise £2,382,500, Baita Plai Update and Director Dealing
3rd Feb 202311:20 amGNWHolding(s) in Company
3rd Feb 20239:00 amRNSPrice Monitoring Extension
2nd Feb 20234:40 pmRNSSecond Price Monitoring Extn
2nd Feb 20234:35 pmRNSPrice Monitoring Extension
2nd Feb 20239:00 amRNSPrice Monitoring Extension
2nd Feb 20237:00 amGNWSettlement Discussions Update
1st Feb 20234:40 pmRNSSecond Price Monitoring Extn
1st Feb 20234:35 pmRNSPrice Monitoring Extension
31st Jan 202310:15 amGNWInterim Results: 1 May 2022 – 31 October 2022
30th Jan 202311:05 amRNSSecond Price Monitoring Extn
30th Jan 202311:00 amRNSPrice Monitoring Extension
23rd Jan 20238:00 amGNWAIM Rule 11 Update
4th Jan 20237:00 amGNWQ4 2022 Baita Plai Production Report
16th Dec 20227:00 amGNWBaita Plai Update
1st Dec 20221:00 pmGNWResults of Annual General Meeting
15th Nov 20227:00 amGNWHolding(s) in Company
14th Nov 20227:00 amGNWBaita Plai Update
8th Nov 20227:00 amGNWNotice of Annual General Meeting
28th Oct 20224:40 pmRNSSecond Price Monitoring Extn
28th Oct 20224:35 pmRNSPrice Monitoring Extension
24th Oct 20222:40 pmGNWResult of General Meeting
21st Oct 20227:00 amGNWQ3 2022 Baita Plai Production Report
7th Oct 202212:00 pmGNWNotice of General Meeting
6th Oct 20227:00 amGNWNew Strategic Offtake Relationship in Tajikistan
26th Sep 20227:00 amGNWPlacing to raise £656,000 and Baita Plai Operational Update
22nd Aug 202211:05 amRNSSecond Price Monitoring Extn
22nd Aug 202211:00 amRNSPrice Monitoring Extension
15th Aug 20228:00 amGNWTakob Processing Project Update
1st Aug 202211:05 amRNSSecond Price Monitoring Extn
1st Aug 202211:00 amRNSPrice Monitoring Extension

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