RNS Number : 8306S
Equatorial Mining & Exploration PLC
08 November 2019
 

 

 

Equatorial Mining & Exploration PLC

Announcement TR1 Holdings of the Concert Party

 

Equatorial Mining & Exploration PLC ("EME" or the "Company") today announces that further to yesterday's TR1 notification the Board has proved more details on the concert party.

 

The board received a TR1 notification from the following parties Michael Staten, Charles Bray Edlin Holdings Limited, Daniel Hogan and Stephan Knoef (collectively, the "Concert Party").  

 

Mike Staten and Charles Bray are Directors of the Company and full details of the Concert Party were set out in the Company circular document sent to shareholders on 01 July 2019 and detailed on the Company's website dated 08 July 2019.

 

 

Following the completion of the acquisition of Eastinco Limited, Rwanda.   the Concert Party, in aggregate hold interests in 6,976,500,000 ordinary shares of 0.01p each in the Company ("Ordinary Shares"), equivalent to 19.31 per cent. of the Company's issued and voting share capital.  In addition, these individuals hold in aggregate options and warrants over a further [1,025,000,000 Ordinary Shares which, if exercised in full, could increase the Concert Party's aggregate holding to a maximum potential 21.47 per cent. interest in the Company's issued and voting share capital.

 

 

 

 

The individual shareholdings of each Concert party Member is set out below

 

Namexv

% of voting rights

Total Shares Held

Warrants Held

Mike Staten

4.36%

1,576,500,000

1,025,000,000

Charles Bray *

0



Edlin Holdings Limited *

4.98%

1,800,000,000


Daniel Hogan

4.98%

1,800,000,000


Stephan Knoef

4.98%

1,800,000,000


 

*Charles Bray is deemed to have control over Edlin Holdings by the Takeover panel and as such Edlin Holdings limited is a related party in relation to Charles Bray Director Holdings.

 

Following the issuance, the issued share capital will increase to 36,124,849,507. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.

 

Equatorial Mining & Exploration Plc:                                    charles.bray@eme-plc.com

Charles Bray, Executive Chairman

NEX EXCHANGE CORPORATE ADVISER:

Alexander David Securities Limited

David Scott -Corporate Finance

James Dewhurst - Corporate Broking 

Telephone: +44 (0) 20 7448 9820

http://www.ad-securities.com

49 Queen Victoria Street, London EC4N 4SA

 


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