Holding(s) in Company

2 Jul 2008 10:39



2 July 2008

Polo Resources Limited

('Polo Resources' or 'the Company')

TR1 Notification

The Company (AIM:PRL) was notified on 30 June 2008 by TPG-Axon Capital Management, LP of the following interests in the ordinary share capital of Polo Resources (VGG6844A1075).

Reason for notification -Polo Resources' total issued share capital increased on 4 June 2008

Full name of person(s) subject to the notification obligations - TPG-Axon Capital Management, LP, TPG-Axon GP, LLC, Dinakar Singh, LLC, Dinakar Singh 

Full name of shareholder if different - TPG-Axon Partners, LP, TPG-Axon Partners (Offshore), Ltd

Date of Transaction:  4 June 2008

Threshold reached 6%

Situation previous to the triggering transaction:

Number of Shares:  108,950,000

Number of Voting Rights: 108,950,000

Resulting situation of the triggering transaction:

Number of Shares: 108,950,000

Number of Voting Rights (Direct): 0

Number of Voting Rights (Indirect): 108,950,000

Percentage of Voting Rights (Direct): 0

Percentage of Voting Rights (Indirect):  6.07%

Enquiries:

Polo Resources Limited Tel: +27 79 872 7587

Gordon Cassidy, Company Secretary

Canaccord Adams Limited  Tel: +44 (0) 207 050 6500

Ryan Gaffney