Holding(s) in Company

RNS Number : 6290X

Strategic Minerals PLC

11 February 2013

 



11 February 2013

Strategic Minerals plc ("Strategic Minerals" or the "Company") Holding(s) in Company
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			Strategic Minerals plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights				X
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):
3. Full name of person(s) subject to the notification obligation: iii		1. RAB CAPITAL LIMITED ACTING AS DISCRETIONARY MANAGER / ADVISOR OF RAB SPECIAL SITUATIONS (MASTER) FUND LIMITED 2. WILLIAM PHILIP SEYMOUR RICHARDS
4. Full name of shareholder(s)  (if different from 3.):iv		1.CREDIT SUISSE CLIENT NOMINEES (UK) LIMITED; 2.FITEL NOMINEES LIMITED
5. Date of the transaction and date on which the threshold is crossed or reached: v		08/02/2013
6. Date on which issuer notified:		11/02/2013
7. Thresholds that are crossed or reached: vi, vii		3%

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

ORDINARY SHARES

7,500,000

7,500,000

n/a

n/a

11,000,000

n/a

1.997%*

GB00B4W8PD74

ORDINARY SHARES

200,000

200,000

n/a

2,200,000

n/a

n/a

0.399%**

GB00B4W8PD74

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

n/a

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

WARRANTS

£0.12

30/04/2014

n/a

7,500,000

1.362%*

Total (A+B+C)

Number of voting rights

Percentage of voting rights

20,700,000

3.758%***

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
*RAB Capital Limited acts as investment manager / advisor for RAB Special Situations (Master) Fund Limited (the "Fund"), which is the beneficial owner these shares and warrants. The legal title to these securities is held on behalf of the Fund by its nominee, Credit Suisse Client Nominees (UK) Limited. **These shares are beneficially held by Mr. William Philip Seymour Richards who is the appointed fund manager of the Fund and is an employee and executive director of RAB Capital Limited. The legal title to these shares are held in the name of Fitel Nominees Limited. Owing to the chain of control of all of the securities disclosed, we consider it appropriate to aggregate the holdings of the Fund and William Philip Seymour Richards as per Box 8 above.
Proxy Voting:
10. Name of the proxy holder:		n/a
11. Number of voting rights proxy holder will cease to hold:		n/a
12. Date on which proxy holder will cease to hold voting rights:		n/a
13. Additional information:	***this figure was calculated using 550,825,560 as the current issued share capital of the issuer as published on Bloomberg on 11/02/2013.
14. Contact name:	Legal Team, RAB Capital Limited
15. Contact telephone number:	0207 389 7000

For further information:

Contacts:

Strategic Minerals Plc
Paul Harrison, CEO	[phone]
Nominated Adviser/Joint Broker Allenby Capital Limited Jeremy Porter / James Reeve	[phone]
Joint Broker Daniel Stewart & Company plc Martin Lampshire / David Hart Financial PR GTH Communications Limited Toby Hall/Suzanne Johnson-Walsh	[phone] [phone]/8492

 

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