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Institutional Shareholder TR-1 Disclosure

19 Jul 2023 08:32

Institutional Shareholder TR-1 Disclosure

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

19 July 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 the Company has received the below TR-1 from Barclays Bank which indicates an increased shareholding from an existing Institutional Shareholder.

TR-1: Standard form for notification of major holdings

1. Issuer Details



Issuer Name


UK or Non-UK Issuer


2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation


Barclays PLC

City of registered office (if applicable)


Country of registered office (if applicable)

United Kingdom

4. Details of the shareholder

Name City of registered office Country of registered office
Barclays Capital Securities LimitedLondonUnited Kingdom

5. Date on which the threshold was crossed or reached 14-Jul-2023

6. Date on which Issuer notified


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 reached8.0400000.0000008.040000240000033
Position of previous notification (if applicable)6.1500000.0000006.150000 

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)
GB00BMD68046 240000033 8.040000
Sub Total 8.A2400000338.040000%

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
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
Sub Total 8.B2   

9. Information in relation to the person subject to the notification obligation 2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

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
Barclays PLCBarclays Capital Securities Limited8.040000 8.040000%

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

Barclays PLC Barclays Bank PLC (100%)Barclays Capital Securities Limited (100%)

12. Date of Completion


13. Place Of Completion


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.


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


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
22nd Feb 20197:00 amGNWTermination of Convertible Securities Issuance Deed
15th Feb 20199:05 amRNSSecond Price Monitoring Extn
15th Feb 20199:00 amRNSPrice Monitoring Extension
14th Feb 20192:15 pmGNWHeritage Concession – Marange Diamond Fields: Grant of Right to Mine
13th Feb 20192:12 pmGNWPlacing and Subscription to raise £896,000 before costs
12th Feb 20191:12 pmGNWFinancing Update
8th Feb 20197:00 amRNSAppointment of Chief Financial Officer
4th Feb 20194:06 pmGNWHolding(s) in Company
4th Feb 20194:00 pmGNWIssue and Allotment of Ordinary Shares following Exercise of Conversion Rights
31st Jan 20195:02 pmGNWResult of Meeting
29th Jan 201911:15 amGNWNew Corporate Presentation
29th Jan 201910:15 amGNWShareholder Q&A Document
22nd Jan 20191:30 pmGNWBlueberry Project Drilling Results
21st Jan 20197:00 amGNWUpdate on securing off take Pre-Payment Finance
18th Jan 20194:40 pmRNSSecond Price Monitoring Extn
18th Jan 20194:35 pmRNSPrice Monitoring Extension
18th Jan 20193:05 pmGNWIssue and Allotment of Ordinary Shares following Exercise of Conversion Rights
18th Jan 20192:15 pmGNWUSD5.5 million Tranche B Mercuria Facility
17th Jan 201912:30 pmGNWUpdate on USD5.5 million Tranche B Mercuria facility
16th Jan 20197:00 amGNWCorrection to Share Capital
15th Jan 20197:00 amGNWLetter to Shareholders and Notice of General Meeting
8th Jan 20193:30 pmGNWExercise of Warrants and Issue of Equity
3rd Jan 20199:54 amGNWDirector Share Purchase
24th Dec 20189:30 amGNWInterim Results
21st Dec 20185:30 pmGNWIssue of Convertible Security
20th Dec 20187:00 amGNWUSD3,000,000 Bridge Facility
14th Dec 20183:30 pmGNWMarange Diamond Field exploration: Status
7th Dec 20185:25 pmGNWExercise of Warrants, Issue of Equity and Total Voting Rights
5th Dec 20183:20 pmGNWIssue of Equity & Total Voting Rights
30th Nov 20187:00 amGNWQuarterly Production Summary
19th Nov 20187:00 amGNWCommencement of Drilling at Magura Neagra and Piciorul Zimbrului
14th Nov 201812:30 pmRNSZimbabwean Site Visit
2nd Nov 201811:30 amGNWPlacing to raise £1,000,000 before costs
30th Oct 20183:15 pmGNWUSD1 million Funding Secured for Blueberry Project
22nd Oct 20184:15 pmGNWResult of AGM
22nd Oct 201811:00 amRNSVast Resources wins "Best Mining Development"
18th Oct 201812:30 pmRNSPlacing and Subscription
17th Oct 20187:00 amRNSInitial assessment of the T1A Marange concession
17th Oct 20187:00 amRNSProgress Update on Marange Diamond Field JV
16th Oct 20184:15 pmGNWExercise of Warrants and Issue of Equity
16th Oct 20187:00 amGNWContract of Association Signed with Baita Sa and Association Licence Granted
11th Oct 20183:30 pmRNSBlueberry Project Drilling Results
10th Oct 20184:40 pmRNSSecond Price Monitoring Extn
10th Oct 20184:35 pmRNSPrice Monitoring Extension
28th Sep 20181:30 pmGNWNotice of AGM and Posting of Annual Report
28th Sep 20187:00 amGNWFinal Results
29th Aug 20189:00 amRNSSubscription to raise GBP863,750
24th Aug 201812:30 pmRNSBlueberry Project Drilling Results
6th Jul 20187:00 amRNSDiamond Specialist Joins Board of Subsidiary
3rd Jul 20188:00 amRNSInvestor Presentation Evening

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