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Oxus Gold PLC (OXS)

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Monday 23 March, 2015

Oxus Gold PLC

Holding in Company

RNS Number : 1800I
Oxus Gold PLC
23 March 2015
 



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

Oxus Gold 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. RAB Capital Limited acting as discretionary manager for RAB Special Situations (Master) Fund Limited; and

2. William Philip Seymour Richards

4. Full name of shareholder(s)
 (if different from 3.):iv

1. Credit Suisse Client Nominees (UK) Limited

2. Fitel Nominees Limited

 

5. Date of the transaction and date on
which the threshold is crossed or
reached:
v

20/03/2015

6. Date on which issuer notified:

20/03/2015

7. Threshold(s) that is/are crossed or
reached:
vi, vii

3%, 4%, 5%



 

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 GB0030632714

9,000,000

9,000,000

n/a

n/a

27,534,965*

n/a

 

4.86%

 

Ordinary shares

GB0030632714

1,375,399

1,375,399

n/a

n/a

1,375,399**

n/a

0.24%


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

28,910,364

5.11%***

 

 

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
xxi

 

*RAB Capital Limited acts as investment manager for RAB Special Situations (Master) Fund Limited (the "Fund") which is the beneficial owner of the securities to which these voting rights are attached. The legal title to these securities is held on behalf of the Fund by its nominee, Credit Suisse Client Nominees (UK) Limited.

 

**These shares are beneficially held by Mr. William Philip Seymour Richards who is the appointed Fund Manager of RAB Special Situations (Master) Fund Limited and is an employee and executive director of RAB Capital Limited. The legal title to 1,375,399 of these shares is held on Mr Richards' behalf by his nominee, Fitel Nominees Limited.

 

Owing to the chain of control all of the securities disclosed, we consider it appropriate to aggregate the holdings of the Fund and Mr Richards as per Box 8 above.

 


Proxy Voting:

10. Name of the proxy holder:

n/a

11. Number of voting rights proxy holder will cease
to hold:

n/a

12. Date on which proxy holder will cease to hold
voting rights:

n/a



13. Additional information:


***this figure was calculated using 566,182,529 as the Issuer's outstanding share capital as at the date on which the relevant threshold was crossed.

 

In addition to the holdings disclosed herein, RAB Special Situations (Master) Fund Limited also beneficially owns a US$6,000,000 convertible loan note maturing on 14/12/2015 and convertible until and beyond expiration. We estimate this instrument plus all accrued interest to 06/01/2015 is convertible into a further 33.92m ordinary shares in the Issuer, subject to agreement on the amount of accrued interest with the Issuer. 

 

14. Contact name:

RAB Capital Limited - Legal Team

15. Contact telephone number:

020 7389 7000

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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