Holding(s) in Company

RNS Number : 8190U
Kibo Mining Plc
21 October 2010
 

KIBO MINING PLC

 

 

Holding in Company

 

 

Dated: 21 October 2010

 

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:

 

               KIBO Mining PLC

 

2.             Reason for the notification (please tick the appropriate box or boxes):

 

An acquisition or disposal of voting rights:

a

An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached:

-

An event changing the breakdown of voting rights:

-

Other (please specify):

-

 

3.             Full name of person(s) subject to the notification obligation:

 

               City Equities Limited

 

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

 

               N/A

 

5.             Date of the transaction (and date on which the threshold is crossed

               or reached if different):

 

               1 October 2010 (Placing participation)

               20 October 2010 closing of transaction

 

6.             Date on which issuer notified:

 

               21 October 2010

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

 

               Above 3% to below 3%

 

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 viii

Number of shares

Number of voting rights ix

% of voting rights

Direct

Direct  x

Indirect xi

Direct

Indirect

IE00B61XQX41

10,000,000

10,000,000

Nil

Nil

Nil

Nil

Nil

 

               B. Qualifying Financial Instruments:

 

               Resulting situation after the triggering transaction:

 

Type of

Expiration

Exercise/

Number of voting

% of voting

financial

date

Conversion

rights that may be

rights

instrument

Period/Date

acquired if the

instrument is exercised/

converted

 

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

 

               Resulting situation after the triggering transaction:

 

Type of

Exercise

Expiration

Exercise/

Number of voting

% of voting

financial

price

date

Conversion

rights instrument

rights

instrument

period

refers to

Nominal

Delta

 

 

               Total (A+B+C)

               Number of voting rights                                          % of voting rights

               Nil                                                                        Nil

 

9.             Chain of controlled undertakings through which the voting rights and/

               or the financial instruments are effectively held, if applicable:

 

               N/A

 

Proxy Voting

10.           Name of the proxy holder:                                      n/a

 

11.           Number of voting rights proxy                                n/a

               holder will cease to hold:

 

12.           Date on which proxy holder                                    n/a

               will cease to hold voting

               rights:

 
13.     Additional information:

 

Shares acquired in the Company's Placing, announced 1 October 2010. Shares have been sold to certain clients, with City Equities Limited acting as Principal.

 

14.           Contact name:                                        Kevin Wallace

 

15.           Contact telephone number:                      020 7489 5562

 

Enquiries:

 

Noel O'Keeffe

+353 91 384562

Kibo Mining plc

 

Managing Director

John Simpson

020 7776 6550

Daniel Stewart & Company Plc

 

Nominated Adviser

Fiona Kinghorn / Nick Bealer

020 7448 9820

Alexander David Securities Limited

 

Joint Broker

Anthony Kluk

020 7628 1128

Loeb Aron & Company Limited

 

Joint Broker

 

Updates on the Company's activities are regularly posted on its website www.kibomining.com

 


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