Holding(s) in Company

RNS Number : 0489E

Metals Exploration PLC

04 February 2015

 



For filings with the FCA include the annex
For filings with issuer exclude the annex
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii				Metals Exploration Plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
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):	Transfer of management				Yes
3. Full name of person(s) subject to the notification obligation: iii		Ruffer LLP (for discretionary clients of the Ruffer Group))
4. Full name of shareholder(s)  (if different from 3.):iv
5. Date of the transaction and date on which the threshold is crossed or reached: v		2 February 2015
6. Date on which issuer notified:		3 February 2015
7. Threshold(s) that is/are crossed or reached: vi, vii		Less than 5% to 11.88%

8. Notified details:

A: Voting rights attached to shares viii, ix

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 x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB00B0394F60

0

0

163,346,785

163,346,785

-

11.88%

-

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial instrument

Expiration date xiii

Exercise/ Conversion Period xiv

Number of voting rights that may be acquired if the instrument is exercised/ converted.

% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financial instrument

Exercise price

Expiration date xvii

Exercise/ Conversion period xviii

Number of voting rights instrument refers to

% of voting rights xix, xx

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

163,346,785

11.88%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
N/A
Proxy Voting:
10. Name of the proxy holder:		N/A
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:	Ruffer LLP now controls the voting rights over 163,346,785 shares (11% of the voting rights) of Metals Exploration Plc, which are held by discretionary clients of Ruffer LLP and its subsidiaries (the voting of which is all controlled by Ruffer LLP).. This change from less than 5% to 11.88% is due to the transfer to Ruffer LLP of the management of 163,346,785 shares on 2 February 2015.
14. Contact name:	Louise Stanway
15. Contact telephone number:	020 7963 8146

 

END

 

 

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