Change in substantial shareholdings

Altyngold

17/01/2018 10:10

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 +44 (0) 20 7932 2456

VSA Capital Limited

Andrew Monk/Andrew Raca +44 (0) 20 3005 5000

 Blytheweigh (Financial PR)

Tim Blythe/Camilla Horsfall  +44 (0) 20 7138 3204

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

This information is provided by RNS

The company news service from the London Stock Exchange

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