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Oriel Resources PLC (ORI)

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Monday 19 May, 2008

Oriel Resources PLC

Holding(s) in Company

RNS Number : 8174U
Oriel Resources PLC
19 May 2008
 





AIM: ORI

TSX: ORL

                PRESS RELEASE

19 May, 2008


Oriel Resources Plc ("Oriel" or the "Company")

Holding(s) in Company

______________________________________________________________________________________


Oriel Resources Plc ("Oriel", or the "Company"), the London-based chrome and nickel mining and processing company, announces that on 19 May 2008 it received a notification given in fulfilment of the obligations imposed under Chapter 5 of the Disclosure Transparency Rules by RAB Capital PLC, that following the disposal of 100% of interest in Oriel on 15 April 2008, it no longer holds a notifiable interest in the Company.


This follows RAB Capital Plc's previous holding of 46,536,630 or 7.28of the Ordinary shares of 1p each of Oriel Resources PLC.


RAB Capital Plc acts as investment manager for RAB Special Situations (Master) Fund Limited and RAB Energy Fund LimitedRAB Capital plc does not act as custodian for its clients and therefore the shares are held in the nominee name of the custodian of its clients, which is Credit Suisse Client Nominees (UK) Limited.


ENDS

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For further information please contact:


David SwanCompany Secretary, Oriel Resources Plc

Tel: +44 (0) 20 7514 0590


Gavin Dallas, Marketing and PR, Oriel Resources Plc

Tel: +44 (0) 20 7514 0590


Ryan Gaffney, Canaccord Adams Limited

Tel: +44 (0) 20 7050 6500


Michael Padley / Michael Spriggs, Bankside Consultants

Tel: +44 (0) 20 7367 8888


Keith Schaefer, Vanguard Shareholder Solutions

Tel: + 1 604 608 0824

www.orielresources.com

This information is provided by RNS
The company news service from the London Stock Exchange
 
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