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Oxus Gold PLC (OXS)

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Friday 16 March, 2012

Oxus Gold PLC

Holdings in Company

RNS Number : 4626Z
Oxus Gold PLC
16 March 2012
 

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:

  Oxus Gold 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 the notification obligation:

 

1. RAB Capital Limited acting as discretionary manager for RAB Special Situations (Master) Fund Limited; and

2. William Philip Seymour Richards

4. Full name of shareholder(s) (if different from 3.):

 

1. Credit Suisse Client Nominees (UK) Limited

2. Canaccord Nominees Limited

3. William Philip Seymour Richards

5. Date of the transaction and date on which the threshold is crossed or reached:

 

13/03/2012

6. Date on which issuer notified:

 

15/03/2012

7. Threshold(s) that is/are crossed or reached:

 

26%

 

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

Ordinary Shares GB0030632714

 78,250,000

78,250,000

n/a

n/a

71,250,000*

n/a

17.01%

Ordinary Shares GB0030632714

1,375,399

1,375,399

n/a

n/a

1,375,399**

n/a

0.33%

 

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

 n/a

n/a

n/a

n/a

n/a

 

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

 

US$6,000,000

Convertible Loan

 GBP0.12

06/05/2013

Until and beyond expiration

33,444,508*

Nominal

Delta

 


 7.99%

 

Total (A+B+C)

 

Number of voting rights

Percentage of voting rights


 25.33%***

 

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:

 

*RAB Capital Limited acts as investment manager for RAB Special Situations (Master) Fund Limited (the "Fund") which is the beneficial owner of the securities to which these voting rights are attached. The legal title to these securities is held on behalf of the Fund by its nominee, Credit Suisse Client Nominees (UK) Limited.

 

**These shares are beneficially held by Mr. William Philip Seymour Richards who is the appointed Fund Manager of RAB Special Situations (Master) Fund Limited and is an employee and executive director of RAB Capital Limited. The legal title to 786,333 of these shares is held on Mr Richards' behalf by his nominee, Canaccord Nominees Limited.

 

Owing to the chain of control all of the securities disclosed, we consider it appropriate to aggregate the holdings of the Fund and Mr Richards as per Box 8 above.

 

Proxy Voting:

 

10. Name of the proxy holder:

 

 n/a

11. Number of voting rights proxy holder will cease to hold:

 

 n/a

12. Date on which proxy holder will cease to hold voting rights:

 

 n/a

 

13. Additional information:

 

 ***this figure was calculated using 418,816,103 as the current issued share capital of the issuer as published on the issuer's website on 15/03/2012

14. Contact name:

 

 RAB Capital Limited - Legal Team

15. Contact telephone number:

 

 020 7389 7000

 


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