RNS Form 8 (OPD) - Replacement

RNS Number : 4059T
Eurasia Mining PLC
17 July 2020
 

 

Amendment to Form 8 OPD Eurasia Mining Plc. The following amendment has been made to the announcement released by RNS 15 July 2020 at 01:30 under RNS No 1118T

 

The shareholding of Director Gary Fitzgerald is restated as 23,378,445 representing 0.87% of issued share capital. All other details remain unchanged. This was a miscalculation which should have stated Gary Fitzgerald's total holding as 23,378,445 shares. As stated in the Annual Report released via RNS on 1 July 2020, Gary Fitzgerald's shareholding has remained unchanged since 31 December 2018.

 

Eurasia Mining plc (AIM: EUA)

("Eurasia" or the "Company")

Correction RNS Form 8 (OPD)

 

 

In accordance with Takeover code rule 8.1, the Company makes the following announcement:

 

FORM 8 (OPD)

 

PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

Rules 8.1 and 8.2 of the Takeover Code (the "Code")

 

1.  KEY INFORMATION

 

(a) Full name of discloser:

Eurasia Mining PLC

(b) Owner or controller of interests and short positions disclosed, if different from 1(a):

  The naming of nominee or vehicle companies is insufficient.  For a trust, the trustee(s), settlor and beneficiaries must be named.

N/A

(c) Name of offeror/offeree in relation to whose relevant securities this form relates:

  Use a separate form for each offeror/offeree

Eurasia Mining PLC

(d) Is the discloser the offeror or the offeree?

 OFFEREE

(e) Date position held:

  The latest practicable date prior to the disclosure

14 July 2020

(f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?

  If it is a cash offer or possible cash offer, state "N/A"

N/A

 

 

2.  POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE

 

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

 

(a)  Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates

 

Class of relevant security:

 

Ordinary shares of 1p each

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

Nil


Nil


(2) Cash-settled derivatives:

 

Nil


Nil


(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

Nil


Nil


 

  TOTAL:

Nil


Nil


 

All interests and all short positions should be disclosed.

 

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

 

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

 

(b)  Rights to subscribe for new securities

 

Class of relevant security in relation to which subscription right exists:

N/A

Details, including nature of the rights concerned and relevant percentages:

N/A

 

 

3.  POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE

 

Details of any interests, short positions and rights to subscribe (including directors' and other employee options) of any person acting in concert with the party to the offer making the disclosure:

 

1. Interests held by the directors of Eurasia Mining PLC and their close relatives and related trusts (excluding options and awards set out below):

 

Name

Number of ordinary shares of 1p each

Percentage of total share capital (%)

Christian Schaffalitzky1

 89,569,517

3.29%

Gary Fitzgerald

 23, 378,445

0.87%

Dmitry Suschov direct holding

 190,270,430

6.98%

Deloan Investments Ltd 64.528% owned by Director Dmitry Suschov2

 275,377,066

10.11%







 

(1) 88,419,517 shares held through Pershing Nominees Ltd, 950,000 shares held through Rene Nominees limited, and 200,000 held directly.

 

(2) Deloan Investments Limited is controlled:

64.528% by Dmitry Suschev, a director of the Company;

10% by Alexander Sushchev, an adviser to the board of Eurasia Mining PLC;

25.472% by Alexei Churakov an adviser to the board of Eurasia Mining PLC.

 

 

 

 

2. Interests held by connected advisers to the directors and board of Eurasia Mining PLC (excluding options and awards set out below):

 

Name

Number of ordinary shares of 1p each

Percentage of total share capital (%)

Alexei Churakov1

39,682,774

1.46%

ACF Equity Research

Nil

Nil

Optiva Securities

Nil

Nil

Citic Merchant

Nil

Nil

SP Angel

Nil

Nil

UBS Investment Bank

Nil

Nil










 

1 Held through Lynchwood Nominees limited.

 

 

 

 

 

 

2. Interests held as options or awards over existing ordinary shares by directors of Eurasia Mining PLC, and by advisers to the Company and board (all options have vested).

 

Name

Number of options

Exercise price(p)

Expiry date

Christian Schaffalitzky

10,000,000

0.42

02/11/2022

Christian Schaffalitzky

5,000,000

0.6

02/11/2022

Christian Schaffalitzky

5,000,000

0.9

02/11/2022

Dmitry Suschov

20,000,000

0.42

02/11/2022

Dmitry Suschov

20,000,000

0.6

02/11/2022

Dmitry Suschov

20,000,000

0.9

02/11/2022

Gary Fitzgerald

5,000,000

0.42

02/11/2022

Alexei Churakov

15,000,000

0.42

02/11/2022

Alexei Churakov

15,000,000

0.6

02/11/2022

Alexei Churakov

10,000,000

0.9

02/11/2022

Alexander Sushchev

5,000,000

0.42

02/11/2022

Alexander Sushchev

5,000,000

0.6

02/11/2022

Alexander Sushchev

5,000,000

0.9

02/11/2022

 

 

 

 

 

 

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

 

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

 

4.  OTHER INFORMATION

 

(a)  Indemnity and other dealing arrangements

 

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the party to the offer making the disclosure or any person acting in concert with it:

Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"

 

None.

 

 

(b)  Agreements, arrangements or understandings relating to options or derivatives

 

Details of any agreement, arrangement or understanding, formal or informal, between the party to the offer making the disclosure, or any person acting in concert with it, and any other person relating to:

(i)  the voting rights of any relevant securities under any option; or

(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state "none"

 

 

None.

 

(c)  Attachments

 

Are any Supplemental Forms attached?

 

Supplemental Form 8 (Open Positions)

NO

Supplemental Form 8 (SBL)

NO

 

 

Date of disclosure:

15 July 2020

Contact name:

Christian Schaffalitzky/ Keith Byrne

Telephone number:

0207 932 0418

 

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

 

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk .

 

 

ENQUIRIES:

Eurasia Mining Plc

Christian Schaffalitzky/ Keith Byrne

+44 (0)207 932 0418

 

 

 

SP Angel Corporate Finance LLP (Nomad and Joint Broker)

Ewan Leggat / David Hignell / Soltan Tagiev

+44 (0)20 3470 0470

 

UBS Investment Bank (Financial adviser to Eurasia Mining Plc)

+44 (0) 207567 8000

Jason Hutchings / Ian Hart / Sandip Dhillon

 

 Optiva Securities (Joint Broker)

Christian Dennis

Tel: +44 (0) 20 3137 1902

 


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