Holding(s) in Company

RNS Number : 2619U

Oriole Resources PLC

21 November 2019

 

Oriole Resources PLC

('Oriole' or 'the Company')

Holding(s) in Company

Oriole Resources PLC, the AIM-quoted exploration company focused on West Africa, has received the below notification from Hawk Investment Holdings Limited, confirming that it now holds 19,500,000 ordinary shares in the Company, representing 2.78% of the issued share capital.

** ENDS **

For further information please visit www.orioleresources.com,  @OrioleResources on Twitter, 

or contact:

Oriole Resources PLC Tim Livesey / Bob Smeeton / Claire Bay	Tel: [phone]
Blytheweigh (IR/PR contact) Tim Blythe / Megan Ray / Rachael Brooks	Tel: [phone]
Grant Thornton UK LLP Samantha Harrison / Ben Roberts / Niall McDonald	Tel: [phone]
WH Ireland Adrian Hadden / Lydia Zychowska	Tel: [phone]

Notes to Editors:

Oriole Resources PLC is an AIM-listed exploration company, operating West Africa. It is focused on early-stage exploration in Cameroon (Bibemi and Wapouzé projects) and the more advanced Dalafin gold project in Senegal, where IAMGOLD has the option to spend US$8m to earn a 70% interest. Year 1 commitments have been met at all three projects. The Company has several interests and royalties in companies operating throughout Africa and Turkey that could deliver future cash flow, and it continues to assess 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)
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			Morton PTC Limited as Trustee of The Morton Family Trust (MFT) and Hawk Investment Holdings Limited (HIHL)
City and country of registered office (if applicable)			HIHL - St Peter Port, Guernsey
4. Full name of shareholder(s) (if different from 3.)v
Name			Hawk Investment Holdings Limited
City and country of registered office (if applicable)			HIHL - St Peter Port, Guernsey
5. Date on which the threshold was crossed or reachedvi:			21st November 2019
6. Date on which issuer notified (DD/MM/YYYY):			21st November 2019
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	2.78%	0		2.78%	701,801,276
Position of previous notification (if applicable)	3.71%	0		3.71%

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

19,500,000 (HIHL)

0

2.78%

0

SUBTOTAL 8. A

19,500,000

2.78%

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

x

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)

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

MFT as sole shareholder of HIHL.  The Board of Directors of Morton PTC are Albany Directors Limited, Mr Anthony David Holt, Robert Walter Morton (RWM) and Susan Margaret Howard Morton (SMHM).  The adult beneficiaries of MFT are SMHM, RWM, Charles Morton (CNM), Edward Morton (EGM) and Andrew Morton (ARM)

0

0

0

HIHL

2.78%

0

2.78%

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	St Peter Port, Guernsey
Date of completion	21st November 2019

 

END

 

 

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