Notification of Major Shareholding-Mrs. Ann Gloag

RNS Number : 7985O

Arc Minerals Limited

22 May 2018

 

Arc Minerals Ltd / Epic: ARCM / Market: AIM / Sector: Mining & Exploration

22 May 2018

Arc Minerals Ltd 

('Arc' or the 'Company')

Notification of Major Shareholding - Mrs. Ann Gloag O.B.E.

Arc Minerals announces that it was notified by Mrs. Ann Gloag O.B.E. that she has a beneficial interest in 16,171,218 ordinary shares in the Company representing 3% of the issued share capital. A TR-1 form received by the Company today has been included in full below.

Mrs. Gloag stated:

"I was happy to participate in Arc Minerals' recent share placing in support of the Board's growth plans including the development of the Zamsort Copper Cobalt project in Zambia. 

I have long believed in the regeneration of Africa through investment and commercial development and have supported this through both my charitable and commercial activities. My investment in Arc Minerals is fully aligned with this philosophy.

I look forward to progress being reported over the coming months."

Nick von Schirnding, Executive Chairman of Arc stated: "I welcome Ann Gloag as a major shareholder in Arc.  We are at a very exciting juncture and I am confident that as we deliver on our strategy we will generate significant value for all our stakeholders."

**ENDS**

Contacts

Arc Minerals Ltd Nick von Schirnding (Chairman)	[phone]
SP Angel (Nominated Adviser & Broker) Ewan Leggat / Lindsay Mair / Soltan Tagiev	[phone]

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii			Arc Minerals Limited
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 the notification obligation: iii		Ann Gloag O.B.E.
4. Full name of shareholder(s)  (if different from 3.):iv
5. Date of the transaction and date on which the threshold is crossed or reached: v		21 May 2018
6. Date on which issuer notified:		21 May 2018
7. Threshold(s) that is/are crossed or reached: vi, vii		3%

8. Notified details:

A: Voting rights attached to shares viii, ix

Class/type of shares if possible using the ISIN CODE

Situation previous to the triggering transaction

Resulting situation after the triggering transaction

Number of Shares

Number of Voting Rights

Number of shares

Number of voting rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ordinary Shares 0.01p

0

0

16,171,218

16,171,218

3.00 %

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

N/A

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

N/A

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

16,171,218

3.00 %

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:
14. Contact name:	Graeme Dickson
15. Contact telephone number:	[phone]

 

END

 

 

HOLEAASFAFNPEAF