Director Disposal of Shares

RNS Number : 0185B

Centamin PLC

13 June 2016

 

For immediate release

13 June 2016

Centamin plc ("Centamin" or the "Company")

(LSE:CEY, TSX:CEE)

Director Disposal of Shares

Centamin announces the following disposal of ordinary shares in the Company pursuant to DTR 3.1.2R:

Mr Josef El-Raghy, Chairman of the Company, disposed of 5,000,000 ordinary shares in the Company between 8 June 2016 and 10 June 2016 at an average price of £1.11 per share.  The notification relates to Nordana Pty Ltd, a fund connected to Mr Josef El-Raghy.  The transactions occurred on the London Stock Exchange.

Following these transactions, Mr Josef El-Raghy's holdings and those of his connected persons in the share capital of the Company are as follows:

Registered Holder                                                                                      Number of ordinary shares

Nordana Pty Ltd <Super Fund A/C>                                                        0

El-Raghy Kriewaldt Pty Ltd                                                                       52,549,372

S & M El-Raghy <The El-Raghy Family Account>                                  350,000

Montana Realty Pty Ltd <Super Fund A/C>                                          950,000

The total number of fully paid ordinary shares in which Josef El-Raghy and his connected persons have a

beneficial interest is 53,849,372 representing 4.67% of the issued ordinary share capital of the Company.  This announcement contains the information required under DTR 5.1.2.

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				Centamin PLC
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights					¨
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached					S
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:		Josef El-Raghy
4. Full name of shareholder(s)  (if different from 3.):
5. Date of the transaction and date on which the threshold is crossed or reached:		8 June, 2016 to 10 June, 2016
6. Date on which issuer notified:		13 June, 2016
7. Threshold(s) that is/are crossed or reached:		Below 5%

 

8. Notified details:

A: Voting rights attached to shares

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

Direct

Direct

Indirect

Direct

Indirect

JE00B5TT1872

58,849,372

58,849,372

N/A

N/A

53,849,372

N/A

4.67%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date

Exercise/ Conversion Period

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

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date

Exercise/ Conversion period

Number of voting rights instrument refers to

% of voting rights

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

53,849,372

4.67%

 

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
Registered Holder                                                                                           Number of ordinary shares Nordana Pty Ltd <Super Fund A/C>                                                         0 El-Raghy Kriewaldt Pty Ltd                                                                           52,549,372 S & M El-Raghy <The El-Raghy Family Account>                                  350,000 Montana Realty Pty Ltd <Super Fund A/C>                                          950,000
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:	Centamin plc
15. Contact telephone number:	[phone]

For more information please contact:

Centamin plc Josef El-Raghy, Chairman Andy Davidson, Head of Investor Relations ([e-mail]) [phone]

Buchanan Bobby Morse + 44 (0) 20 7466 5000

 

END

 

 

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