Last checked at 29 Jun 2017 12:17
For immediate release
29 June 2017
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 | 1Yorkville Advisors Global II, LLC 2 Yorkville Advisors Global, LP 3 YA II PN, Ltd. 4 YA Global II SPV, LLC | ||||
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 | June 12, 2017 | ||||
6. Date on which issuer notified: | June 27, 2017 | ||||
7. Threshold(s) that is/are crossed orreached: vi, vii | 3% | ||||
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 | 5,600,135 | 5,600,135 | 4,100,135 | 2.38% | ||||||||||||
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 | |||||||||||||||
4,100,135 | 2.38% | |||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi | ||
Yorkville Advisors Global II, LLC is the general partner, and controlling person, of Yorkville Advisors Global, LP, which is the investment manager of YA II PN, Ltd. (which entity was formerly known as YA Global Master SPV, Ltd.).
| ||
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)203 416 6471
|
Beaumont Cornish | Michael Cornish Felicity Geidt | +44 (0)207 628 3369 |
Email: corpfin@b-cornish.co.uk
| ||
Beaufort Securities | Jon Belliss
| +44 (0)207 382 8300 |
ENDS