Holding(s) in Company

RNS Number : 9929U

Cluff Natural Resources plc

30 October 2017

 

30 October 2017

Cluff Natural Resources Plc / Index: AIM / Epic: CLNR / Sector: Natural Resources

Cluff Natural Resources Plc ('CLNR' or 'the Company')

Holdings in Company

Cluff Natural Resources Plc, the AIM quoted natural resources investing company, announces that it was today notified that IPGL Limited, a company controlled by Michael Spencer, the founder of ICAP and NEX Plc, acquired 25,000,000 Ordinary Shares in the Company on 27 October 2017.  As a result of this, IPGL Limited is now interested in 25,000,000 Ordinary Shares in CLNR, which is equivalent to 6.31% of the Company's total issued ordinary share capital.

The Standard Form TR-1 for notification of major holdings is shown below: 

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:			Cluff Natural Resources Plc
1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)
Non-UK issuer
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights						X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify)iii:
3. Details of person subject to the notification obligationiv
Name			Mr Michael Spencer
City and country of registered office (if applicable)			n/a
4. Full name of shareholder(s) (if different from 3.)v
Name			IPGL Limited
City and country of registered office (if applicable)			London, England
5. Date on which the threshold was crossed or reachedvi:			27/10/2017
6. Date on which issuer notified (DD/MM/YYYY):			30/10/2017
7. Total positions of person(s) subject to the notification obligation
	% of voting rights attached to shares (total of 8. A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)		Total of both in % (8.A + 8.B)	Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached	6.31%	-		6.31%	396,060,199
Position of previous notification (if applicable)	-	-		-

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)		Number of voting rightsix					% of voting rights
		Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)			Direct (Art 9 of Directive 2004/109/EC) (DTR5.1)		Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
Ordinary shares £0.005 - GB00B6SYKF01		25,000,000		-			6.31%		-
SUBTOTAL 8. A		25,000,000					6.31%
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument		Expiration datex	Exercise/ Conversion Periodxi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights
N/a
			SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument	Expiration datex		Exercise/ Conversion Period xi		Physical or cash settlementxii			Number of voting rights	% of voting rights
N/a
					SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)				X
Namexv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Mr Michael Spencer	6.31%	-	6.31%
IPGL (Holdings) Ltd	6.31%	-	6.31%
IPGL Ltd	6.31%	-	6.31%
10. In case of proxy voting, please identify:
Name of the proxy holder		n/a
The number and % of voting rights held		n/a
The date until which the voting rights will be held		n/a
11. Additional informationxvi

Place of completion	London, UK
Date of completion	30/10/17

**ENDS**

For further information please visit www.cluffnaturalresources.com or contact the following:

Cluff Natural Resources Plc	Tel: [phone]
Algy Cluff / Graham Swindells / Andrew Nunn
Allenby Capital Limited (Nominated Adviser & Broker)	Tel: [phone]
David Hart / Alex Brearley / Asha Chotai (Corporate Finance) Chris Crawford / Katrina Perez (Corporate Broking)
St Brides Partners Ltd	Tel: [phone]
Lottie Wadham / Frank Buhagiar (Financial PR)

 

END

 

 

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