Holding(s) in Company

RNS Number : 3113A

Oriole Resources PLC

10 September 2018

 

Oriole Resources PLC 

('Oriole Resources' or 'the Company')

Holding(s) in Company

Oriole Resources, the AIM-quoted exploration company operating in Africa and Europe, announces that it has received the below TR-1 notification from Argyle Street Management Holdings Limited ('Argyle'). As a result of the successful placing of £1.15 million before expenses announced on 13 June 2018, Argyle's holding in the Company has been diluted from 11.49% to 7.66%.

** ENDS **

For further information please visit www.orioleresources.co.uk, @OrioleResources on Twitter, or contact:

Oriole Resources PLC Tim Livesey / Bob Smeeton / Claire Bay	Tel: [phone]
Camarco (IR/PR contact) Gordon Poole / Nick Hennis / Monique Perks	Tel: [phone]
Grant Thornton UK LLP Samantha Harrison / Ben Roberts / Samuel Rowe	Tel: [phone]
Hannam & Partners Neil Passmore / Andrew Chubb	Tel: [phone]
Turner Pope Investments (TPI) Ltd Ben Turner / James Pope / Andy Thacker	Tel: [phone]

Notes to Editors:

Oriole Resources PLC is an AIM-listed exploration company, operating in Africa and Europe. It is focused on early-stage exploration in Cameroon and the more advanced Dalafin gold project in Senegal, where IAMGOLD has the option to spend US$8m to earn a 70% interest. The Company has a number of interests and royalties in companies operating throughout Africa and Turkey and is assessing new opportunities in both regions.

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:			Oriole Resources PLC
1b. Please indicate if the issuer is a non-UK issuer  (please mark with an "X" if appropriate)
						X
2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights							X
Other (please specify)iii:
3. Details of person subject to the notification obligationiv
Name			Argyle Street Management Holdings Limited Argyle Street Management Limited
City and country of registered office (if applicable)			Road Town Tortola, British Virgin Islands
4. Full name of shareholder(s) (if different from 3.)v
Name			ASM Connaught House (Master) Fund II LP ASM Connaught House Fund LP
City and country of registered office (if applicable)			Grand Cayman, Cayman Islands
5. Date on which the threshold was crossed or reachedvi:			19/06/2018
6. Date on which issuer notified (DD/MM/YYYY):			06/09/2018
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	7.66%	0		7.66%	701,801,276
Position of previous notification (if applicable)	11.49%	0		11.49%

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)
GB00B0T29327		53,710,219					7.66%
SUBTOTAL 8. A		53,710,219					7.66%
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
			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
					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
ASM Connaught House General Partner Limited	4.06%	0	4.06%
ASM Connaught House Fund LP	4.06%	0	4.06%
ASM Connaught House General Partner II Limited	3.60%	0	3.60%
ASM Connaught House Fund II LP	3.60%	0	3.60%
ASM Connaught House (Master) Fund II LP	3.60%	0	3.60%
10. In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional informationxvi

Place of completion	Hong Kong
Date of completion	06 September 2018

 

END

 

 

HOLURSORWOAKAAR