Holding(s) in Company

Amaroq

20/12/2024 14:30

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Reykjavík, Dec. 20, 2024 (GLOBE NEWSWIRE) -- TR-1: Standard form for
notification of major holdings

 NOTIFICATION OF MAJOR HOLDINGS                                                                                                                                                                                                                                                                                
                                                                                                                                                                                                                                                                                                               
 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:                                                              Amaroq Minerals Ltd.                                                                                                                 
 1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)                                                                                                                                                                                                                 
 Non-UK issuer                                                                                                                                                                                                                     X                                                                           
 2. Reason for the notification (please mark the appropriate box or boxes with an “X”)                                                                                                                                                                                                                         
 An acquisition or disposal of voting rights                                                                                                                                                                                                                                                                   
 An acquisition or disposal of financial instruments                                                                                                                                                                                                                                                           
 An event changing the breakdown of voting rights                                                                                                                                                                                  X                                                                           
 Other (please specify):                                                                                                                                                                                                                                                                                       
 3. Details of person subject to the notification obligation                                                                                                                                                                                                                                                   
 Name                                                                                                                                                                     JLE Property Ltd                                                                                                                     
 City and country of registered office (if applicable)                                                                                                                    Lichfield, England                                                                                                                   
 4. Full name of shareholder(s) (if different from 3.)                                                                                                                                                                                                                                                         
 Name                                                                                                                                                                                                                                                                                                          
 City and country of registered office (if applicable)                                                                                                                                                                                                                                                         
 5. Date on which the threshold was crossed or reached:                                                                                                                   16 December 2024                                                                                                                     
 6. Date on which issuer notified (DD/MM/YYYY):                                                                                                                           20 December 2024                                                                                                                     
 7. Total positions of person(s) subject to the notification obligation                                                                                                                                                                                                                                        
                                                                            % of voting rights attached to shares (total of 8. A)  % of voting rights through financial instruments (total of 8.B 1 + 8.B 2)     Total of both in % (8.A + 8.B)      Total number of voting rights held in issuer (8.A + 8.B)  
 Resulting situation on the date on which threshold was crossed or reached  6.68%                                                  -                                                                             6.68%                               26,572,545                                                
 Position of previous notification (if applicable)                          7.27%                                                  -                                                                             7.27%                               26,572,545                                                



 8. Notified details of the resulting situation on the date on which the threshold was crossed or reached                                                                                                                                                                                                                                                 
 A: Voting rights attached to shares                                                                                                                                                                                                                                                                                                                      
 Class/type of shares ISIN code (if possible)  Number of voting rights                                                                                                                              % of voting rights                                                                                                                                    
                                                                                                Direct (DTR5.1)                                                              Indirect (DTR5.2.1)                                                    Direct (DTR5.1)                                   Indi 
                                                                                                                                                                                                                                                                                                      rect 
                                                                                                                                                                                                                                                                                                      (DTR 
                                                                                                                                                                                                                                                                                                      5.2. 
                                                                                                                                                                                                                                                                                                      1)  
 CA02312A1066                                  26,572,545                                                                                                                                           6.68%                                                                                                                                                 
                                                                                                                                                                                                                                                                                                                                                          
 SUBTOTAL 8. A                                 26,572,545                                                                                                                                           6.68%                                                                                                                                                 
                                                                                                                                                                                                                                                                                                                                                          
 B 1: Financial Instruments according to DTR5.3.1R (1) (a)                                                                                                                                                                                                                                                                                                
 Type of financial instrument                  Expiration date                                  Exercise/ Conversion Period                                                                         Number of voting rights that may be acquired if the instrument is exercised/converted.            % of voting rights                                  
                                                                                                                                                                                                                                                                                                                                                          
                                                                                                SUBTOTAL 8. B 1                                                                                                                                                                                                                                           
                                                                                                                                                                                                                                                                                                                                                          
 B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)                                                                                                                                                                                                                                                                   
 Type of financial instrument                                        Expiration date                                       Exercise/ Conversion Period                       Physical or cash Settlement                    Number of voting rights                                                                             % of voting rights        
                                                                                                                                                                                                                                                                                                                                                          
                                                                                                                                                                             SUBTOTAL 8.B.2                                                                                                                                                               
                                                                                                                                                                                                                                                                                                                                                          
 9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”)                                                                                                                                                                                                                             
 Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer                                                                                                      X                         
 Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity (please add additional rows as necessary)                                                                                                              
 Name                                                                % of voting rights if it equals or is higher than the notifiable threshold       % of voting rights through financial instruments if it equals or is higher than the notifiable threshold              Total of both if it equals or is higher than the notifiable threshold         
                                                                                                                                                                                                                                                                                                                                                          
                                                                                                                                                                                                                                                                                                                                                          
 10. In case of proxy voting, please identify:                                                                                                                                                                                                                                                                                                            
 Name of the proxy holder                                                                                                                                                                                                                                                                                                                                 
 The number and % of voting rights held                                                                                                                                                                                                                                                                                                                   
 The date until which the voting rights will be held                                                                                                                                                                                                                                                                                                      
                                                                                                                                                                                                                                                                                                                                                          
 11. Additional information                                                                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                                                                                                          



 Place of completion  Reykjavik, Iceland  
 Date of completion   20 December 2024