Shareholder Notification

RNS Number : 2661B

Armadale Capital PLC

05 January 2015

 



Armadale Capital Plc / Index: AIM / Epic: ACP / Sector: Investment Company

5 January 2015

Armadale Capital Plc ('Armadale' or 'the Company')

Shareholder Notification

Armadale, the AIM quoted investment company focused on natural resource projects in Africa, was notified on 18 December 2014 that on 25 November 2014 Pelamis Investments Limited ("Pelamis") was issued 50,000,000 ordinary shares in the capital of the Company ("Ordinary Shares"). Following this transaction, Pelamis is interested in 173,493,361 Ordinary Shares equating to 4.14 per cent. of the Company's total voting rights.

**ENDS**

Enquiries: 

Armadale Capital

Peter Marks, Chairman                                                 [phone]

Nomad and broker: finnCap Limited 

Stuart Andrews                                                            [phone]

Christopher Raggett

Press relations: St Brides Media & Finance Ltd. 

Susie Geliher                                                                [phone]

Charlotte Heap

Notes

Armadale Capital Plc is focussed on investing in and developing a portfolio of investments, targeting the natural resources and/or infrastructure sectors in Africa. The Company, led by a team with operational experience and a strong track record in Africa, has a strategy of identifying high growth businesses where it can take an active role in their advancement.

Armadale is focused on the development of the Mpokoto Gold project in the Democratic Republic of the Congo, in which it owns an 80% interest.  Armadale also currently holds approximately a 30% interest in Mine Restoration Investments Ltd, a South African listed company, which aims to develop profitable operations in South Africa through the briquetting and sale of coal fines in KwaZulu Natal, as well as a number of other quoted investments.

More information can be found on the website www.armadalecapitalplc.com.

 

END

 

 

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