Holding(s) in Company

RNS Number : 7401T

Niger Uranium Limited

11 June 2009

 



For immediate release

11 June 2009

Niger Uranium Limited

('Niger Uranium' or the 'Company')

Holding(s) in Company

The Company received the following notification on 10 June 2009:

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				Niger Uranium Ltd
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights					YES
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):	Notification of financial instruments with similar economic effect to Qualifying Financial Instruments held as at 01/06/2009
3. Full name of person(s) subject to the notification obligation: iii		Southern Rock Insurance Co Ltd
4. Full name of shareholder(s)   (if different from 3.):iv		Rene Nominees Ltd Strand Nominees
5. Date of the transaction and date on which the threshold is crossed or reached: v		06/04/09
6. Date on which issuer notified:		10/06/09
7. Threshold(s) that is/are crossed or reached: vi, vii		Below 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

VGG651971084

4,515,000

3.99%

3,165,000

2.80%

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

3,165,000

2.80%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Strand Nominees Ltd (Arron Banks)                                      100,000 Shares     0.09% Rene Nominees Ltd (Southern Rock Insurance Co. Ltd)        2,965,000 Shares     2.62% Rene 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 3,165,000 shares in Niger Uranium Ltd, representing approximately 2.80% of the Company's issued share capital. Based on issued share capital of: 113,164,306 shares. Please note there is no longer a major interest.
Proxy Voting:
10. Name of the 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:	Andrea Falcon [phone]
15. Contact telephone number:

Contacts:

Niger Uranium Limited Ian Stalker,Executive Director and CEO	Tel: [phone]
Beaumont Cornish Limited Michael Cornish	Tel: [phone]

ENDS

 

END

 

 

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