Holding(s) in Company

RNS Number : 0987A

Independent Resources PLC

03 June 2016

 

3 June 2016

Independent Resources plc

("IRG" or the "Company")

Significant Shareholders

Holding(s) in Company

Further to this morning's admission to trading of 527,380,952 new ordinary shares of 0.01p each in IRG ("Admission"), the number of ordinary shares in issue is 1,262,504,294.

The Company is now aware or has been notified that that the following parties hold beneficial interests of more than three percent of the company's issued share capital.

Name of shareholder	Number of ordinary shares held	% holding in Company
Barry Stansfield*	149,285,714	11.82%
John Story*	113,095,238	8.96%
Sanderson Capital Partners*	90,476,190	7.17%
Neal Griffith*	76,904,762	6.09%
Brandon Hill Capital Limited	75,000,000	5.94%
Charles Stanley & Co. Limited	66,428,571	5.26%
GA.I.A srl	56,011,130	4.44%
Kevin Dean	53,827,620	4.26%
Rocky Mountain Limited	40,333,333	3.19%

*- Shareholding created through conversion of loan subscribed in May 2016

The directors, through the Company's advisers, have engaged in conversations with those parties who have become significant shareholders following the recent conversion of loans provided to the Company.  These parties have indicated that they have no committed plans to sell shares as they see opportunity for significant potential upside and value creation for all shareholders.

The revised interests of the directors of IRG in the Company following Admission are also set out below:

Name of director	Number of ordinary shares held following Admission	% holding in Company following Admission
Grayson Nash	27,872,447	2.21 %
William Gregory Coleman	4,546,077	0.36%
Owain Franks	2,333,333	0.18%
Martin Miller	-	0.00%

The directors of the Company are therefore interested in a total of 34,751,857 ordinary shares representing approximately 2.75 per cent of the Company's share capital.

Greg Coleman, CEO of IRG commented:

"We are pleased to welcome our new significant shareholders to the register.  The Board welcomes their demonstration of confidence in the future of the Company and look forward to their continued support."

For more information, please visit www.ir-plc.com or contact:

Greg Coleman		Independent Resources plc	020 3367 1134
Adam James		Panmure Gordon (UK) Limited	020 7886 2500
		(Nominated Adviser & Joint Broker)
Jonathan Evans		Brandon Hill Capital	020 3463 5000
		(Joint Broker)
Simon Hudson		Tavistock Communications	020 7920 3150

 

END

 

 

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