Holding(s) in Company

RNS Number : 8312P

Xtract Resources plc

22 November 2016

 

For immediate release                                                                           22 November 2016

Xtract Resources Plc

("Xtract" or the "Company")

Holdings in Company

The Board of Xtract announces that the Company has received the following TR-1 notification which is set out below without amendment

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				Xtract Resources 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 Yorkville Advisors Global, LLC 2 Yorkville Advisors Global, LP 3 YA II EQ, Ltd.
4. Full name of shareholder(s)  (if different from 3.):iv		Jarvis Investment Management Ltd (Registered Holder)
5. Date of the transaction and date on which the threshold is crossed or reached: v		November18 , 2016
6. Date on which issuer notified:		November 18,  2016
7. Threshold(s) that is/are crossed or reached: vi, vii		19.00 %

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

3,500,000,000

3,500,000,000

3,401,533,333

3,401,533,333

18.60%

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

3,401,533,333

18.60%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Yorkville Advisors Global, LLC is the general partner, and controlling person, of Yorkville Advisors Global, LP, which is the investment manager of YA II EQ, Ltd. Cuart Investments Limited holds a 50% participation interest in all securities.
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:	Troy Rillo
15. Contact telephone number:	001.908.906.5127

Enquiries:

Xtract Resources Plc	Colin Bird, Executive Chairman	[phone]
Beaumont Cornish	Michael Cornish Felicity Geidt	[phone]
	Email: [e-mail]
Beaufort Securities	Jon Belliss	[phone]

ENDS

 

END

 

 

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