Holding(s) in Company

RNS Number : 2152C

Niger Uranium Limited

28 August 2008

 



For filings with the FSA include the annex For filings with issuer exclude the annex

TR-1: Notifications of Major Interests in Shares

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:

Niger Uranium Ltd

2. Reason for notification (yes/no)
An acquisition or disposal of voting rights	YES
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 notification obligation:	Southern Rock Insurance Co. Ltd.
4. Full name of shareholder(s) (if different from 3):	Southern Rock Insurance Co. Ltd Rene Nominees Ltd Arron Banks Pershing Nominees Ltd  Strand Nominees
5. Date of transaction (and date on which the threshold is crossed or reached if different):	20 August 2008
6. Date on which issuer notified:	27 August 2008
7. Threshold(s) that is/are crossed or reached:	6%

8: Notified Details
A: Voting rights attached to shares
Class/type of shares If possible use 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		Percentage of voting rights
				Direct	Indirect	Direct	Indirect
VGG651971084 Ord USD 0.011	5,265,000	5.03%	4,115,000	4,115,000	1,550,000	3.93%	1.48%

B: Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Expiration date	Exercise/ conversion period/date	No. of voting rights that may be acquired (if the instrument exercised/converted)	Percentage of voting rights
Spread Bet (Arron Banks)	16 Dec 08		1,000,000	0.96%

Total (A+B)
Number of voting rights	Percentage of voting rights
6,665,000	6.37%

9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable:

Southern Rock Insurance Company Ltd 4,115,000 Shares 3.93% Rene Nominees Ltd (Southern Rock Insurance Co. Ltd)   1,350,000 Shares 1.30% Arron Banks   1,000,000 Shares 0.96%   Strand Nominees Ltd (Arron Banks)   100,000 Shares 0.09% Pershing Nominees Ltd (Arron Banks)   100,000 Shares 0.09% Arron Banks is connected to Southern Rock Insurance Company Ltd, being a major shareholder in Southern Rock Insurance Company Ltd. Therefore, together Southern Rock Insurance Company and Arron Banks are interested in 6,665,000 shares in Niger Uranium Ltd, representing approximately 6.37% of the Company's issued share capital. Based on issued share capital of : 104,664,306 shares

Proxy Voting:
10. Name of proxy holder:
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:
14 Contact name:
15. Contact telephone number:

Enquiries:

Niger Uranium Limited                                              Tel: [phone]

Gordon Cassidy, Finance Director

Beaumont Cornish Limited Michael Cornish

Tel: + 44 (0) 20 7628 3396

 

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