Last checked at 22 Nov 2016 11:24
For immediate release 22 November 2016
Xtract Resources Plc
("Xtract" or the "Company")
Holdings in Company
The Board of Xtract announces that the Company has received the following TR-1 notification which is set out below without amendment
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 | Xtract Resources 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 | 1 Yorkville Advisors Global, LLC 2 Yorkville Advisors Global, LP 3 YA II EQ, Ltd. | ||||
4. Full name of shareholder(s) (if different from 3.):iv | Jarvis Investment Management Ltd (Registered Holder) | ||||
5. Date of the transaction and date onwhich the threshold is crossed orreached: v | November18 , 2016 | ||||
6. Date on which issuer notified: | November 18, 2016 | ||||
7. Threshold(s) that is/are crossed orreached: vi, vii | 19.00 % | ||||
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 | ||||||||||||
Ordinary Shares | 3,500,000,000 | 3,500,000,000 | 3,401,533,333 | 3,401,533,333 | 18.60% | |||||||||||
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 | |||||||||||||||
3,401,533,333 | 18.60% | |||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi | ||
Yorkville Advisors Global, LLC is the general partner, and controlling person, of Yorkville Advisors Global, LP, which is the investment manager of YA II EQ, Ltd.
Cuart Investments Limited holds a 50% participation interest in all securities.
| ||
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: | Troy Rillo | |
15. Contact telephone number: | 001.908.906.5127 | |
Enquiries:
Xtract Resources Plc | Colin Bird, Executive Chairman
| +44 (0)20 3416 6471
|
Beaumont Cornish | Michael Cornish Felicity Geidt | +44 (0)207628 3369 |
Email: corpfin@b-cornish.co.uk | ||
Beaufort Securities | Jon Belliss
| +44 (0)207 382 8300 |
ENDS