Change in substantial shareholdings

RNS Number : 1280C

Altyn PLC

17 January 2018

 

                                                                                                                         17 January 2018

Altyn  Plc

("Altyn" or the "Company")

                                                Change in substantial shareholdings                                    

African Resources Limited, who is the majority shareholder owning 1,440,076,040 shares, comprising 61.69% of the issued share capital of the Company has purchased 117,730,632 shares from the shareholders of Blackwill Trade Limited at a price of £0.03 per share.

This is at a substantial premium of over 200% above the current share price.

Details of the Directors in the Company who have an interest in African Resources Limited, can be found in the notification of dealing form which can be found below.

This will increase the shareholding of African Resources Limited to 1,557,806,672 shares representing 66.73% of the issued share capital.

Aidar Assaubayev, CEO of Altyn Plc commented:

"The purchase of the share capital of Blackwill Trade Limited by the majority shareholder demonstrates their commitment to the Company and their strong belief in the potential returns to be achieved in the future".

Further Information:

For further information please contact:

Altyn Plc

Rajinder Basra     [phone]

VSA Capital Limited

Andrew Monk/Andrew Raca  [phone]

   Blytheweigh (Financial PR)

Tim Blythe/Camilla Horsfall       [phone]

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.

Information on the Company  

Altyn Plc (LSE:ALTN) is an exploration and development company, which is listed on the standard segment of the London Stock Exchange.

To read more about Altyn Plc please visit our website www.altyn.uk

1	Details of persons discharging managerial responsibilities/person closely associated
a)	Names	Kanat Assaubayev Aidar Assaubayev Sanzhar Assaubayev
2	Reasons for the notification
a)	Position/status	Kanat Assaubayev (Executive Chairman) Aidar Assaubayev (Chief Executive) Sanzhar Assaubayev (Executive Director)
b)	Initial notification/amendment	Initial notification
3	Details of issuer
a)	Name	Altyn Plc
b)	LEI	213800MELPBPHIR1PO04
4	Details of transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary Shares of 1p each GB00B015PT76
b)	Nature of transaction	African Resources Limited Purchased 117,730,632 Ordinary shares
c)	Prices(s) and Volumes(s)	Prices(s) 3 pence per ordinary share Volumes(s) 117,730,632 ordinary shares
d)	Aggregated information -       Aggregated volume and price	N/A
e)	Date of transaction	15 January 2018
f)	Place of transaction	London

 

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