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Metminco Limited (MNC)

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Thursday 08 February, 2018

Metminco Limited

Substantial Shareholder Dealing

RNS Number : 2882E
Metminco Limited
08 February 2018
 

AIM ANNOUNCEMENT

8 February 2018



 

SUBSTANTIAL SHAREHOLDER DEALING

 

 

 

Metminco Limited ("Metminco" or the "Company") (ASX: MNC; AIM: MNC) has today received the following notifications from:

 

·     Lanstead Capital LP ("Lanstead"), a Substantial Shareholder: sold 9,031,266 ordinary shares in the Company ("Shares") in an off-market trade on 2 February 2018 at a price of A$0.0420 per Share, reducing its shareholding in the Company from 19,316,456 Shares representing 15.19% of the Company's issued share capital to 10,285,190 Shares representing 8.09% of the Company's issued share capital.  Lanstead is now individually considered to be a Significant Shareholder of the Company.

·     Lanstead III LLC ("Lanstead III") acquired an initial shareholding in Metminco of 9,031,266 Shares in an off-market trade on 2 February 2018 at a price of A$0.0420 per Share for an initial interest in the Company of 7.10% of the Company's issued share capital.  Lanstead is now individually considered to be a Significant Shareholder of the Company.

 

The Company has enquired with Lanstead and Lanstead III as to whether they are considered to be associated parties in order to determine if together they are to be considered a Substantial Shareholder.  An update will be provided as appropriate. 

 

Graeme Hogan

Company Secretary

 

 

For further information, please contact:

METMINCO LIMITED



Graeme Hogan


Office:  +61 (0) 2 9460 1856




NOMINATED ADVISOR AND BROKER



RFC Ambrian



Australia



Andrew Thomson / Alena Broesder


Office:  +61 (0) 2 9250 0000




United Kingdom



Charlie Cryer


Office:  +44 (0) 20 3440 6800




JOINT BROKER



SP Angel Corporate Finance LLP (UK)



Ewan Leggat


Office:  +44 (0) 20 3470 0470




PUBLIC RELATIONS



Camarco

United Kingdom



Gordon Poole / Nick Hennis


Office:  + 44 (0) 20 3757 4997




Media + Capital Partners



Australia



Luke Forrestal


Office: +61 (0) 411 479 144

 

 

Forward Looking Statement

All statements other than statements of historical fact included in this announcement including, without limitation, statements regarding future plans and objectives of Metminco are forward-looking statements.  When used in this announcement, forward-looking statements can be identified by words such as ''anticipate", "believe", "could", "estimate", "expect", "future", "intend", "may", "opportunity", "plan", "potential", "project", "seek", "will" and other similar words that involve risks and uncertainties.

 

These statements are based on an assessment of present economic and operating conditions, and on a number of assumptions regarding future events and actions that, as at the date of this announcement, are expected to take place.  Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, its directors and management of Metminco that could cause Metminco's actual results to differ materially from the results expressed or anticipated in these statements.

 

The Company cannot and does not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this announcement will actually occur and investors are cautioned not to place undue reliance on these forward-looking statements. Metminco does not undertake to update or revise forward-looking statements, or to publish prospective financial information in the future, regardless of whether new information, future events or any other factors affect the information contained in this announcement, except where required by applicable law and stock exchange listing


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