Holdings in Company

RNS Number : 5850W

Niger Uranium Limited

22 November 2010

 



For immediate release

22 November 2010

NIGER URANIUM LIMITED

("Niger Uranium" or "the Company")

Holdings in Company

The Company was notified by Hargreave Hale Limited (Hargreave) of the following interests in ordinary share capital of Niger Uranium:

-     On 15 November 2010, that as at 12 November 2010 Hargreave, on behalf of Discretionary Clients, held 16,417,000 shares in Niger Uranium, representing 14.5014% of the Company's issued share capital;

-     On 16 November 2010, that as at 15 November 2010 Hargreave, on behalf of Discretionary Clients, held 14,367,000 shares in Niger Uranium, representing 12.6906% of the Company's issued share capital; and

-     On 19 November 2010, that as at 18 November 2010 Hargreave, on behalf of Discretionary Clients, held 13,550,000 shares in Niger Uranium, representing 11.9689% of the Company's issued share capital.

For details on TR1 notifications follow below.

Contacts:

Niger Uranium Limited

Gordon Cassidy                                

Tel: [phone]

Nominated Adviser                

Beaumont Cornish Limited

Michael Cornish

Tel: [phone]

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 LIMITED
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights					ü
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		HARGREAVE HALE LIMITED
4. Full name of shareholder(s)  (if different from 3.):iv		DISCRETIONARY CLIENTS
5. Date of the transaction and date on which the threshold is crossed or reached: v		12 NOVEMBER 2010
6. Date on which issuer notified:		15 NOVEMBER 2010
7. Threshold(s) that is/are crossed or reached: vi, vii		14% & 15%

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

Indirect

Direct xi

Indirect xii

Direct

Indirect

VGG651971084

18,567,000

18,567,000

16,417,000

16,417,000

14.5014%

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

16,417,000

14.5014%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
14,550,000 of these shares are held for unit trusts operated by Marlborough Fund Managers Ltd for which Hargreave Hale Ltd manages the investments on a discretionary basis.
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:	David Clueit
15. Contact telephone number:	01253 754739

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii				NIGER URANIUM LIMITED
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights					ü
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		HARGREAVE HALE LIMITED
4. Full name of shareholder(s)  (if different from 3.):iv		DISCRETIONARY CLIENTS
5. Date of the transaction and date on which the threshold is crossed or reached: v		15 NOVEMBER 2010
6. Date on which issuer notified:		16 NOVEMBER 2010
7. Threshold(s) that is/are crossed or reached: vi, vii		13% & 12%

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

Indirect

Direct xi

Indirect xii

Direct

Indirect

VGG651971084

16,417,000

16,417,000

14,367,000

14,367,000

12.6906%

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

14,367,000

12.6906%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
12,500,000 of these shares are held for unit trusts operated by Marlborough Fund Managers Ltd for which Hargreave Hale Ltd manages the investments on a discretionary basis.
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:	David Clueit
15. Contact telephone number:	01253 754739

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii				NIGER URANIUM LIMITED
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights					ü
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		HARGREAVE HALE LIMITED
4. Full name of shareholder(s)  (if different from 3.):iv		DISCRETIONARY CLIENTS
5. Date of the transaction and date on which the threshold is crossed or reached: v		18 NOVEMBER 2010
6. Date on which issuer notified:		19 NOVEMBER 2010
7. Threshold(s) that is/are crossed or reached: vi, vii		12%

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

Indirect

Direct xi

Indirect xii

Direct

Indirect

VGG651971084

14,050,000

14,050,000

13,550,000

13,550,000

11.9689%

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

13,550,000

11.9689%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
12,250,000 of these shares are held for unit trusts operated by Marlborough Fund Managers Ltd for which Hargreave Hale Ltd manages the investments on a discretionary basis.
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:	David Clueit
15. Contact telephone number:	01253 754739

 

END

 

 

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