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CHL - Churchill Mining News Story

37.75p 0.0  0.0%

Last Trade - 05/12/16

Sector
Energy
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £n/a
Position in Universe th / 1826

Churchill Mining plc Holding(s) in Company

Mon 9th November, 2009 3:43pm
TIDMCHL

RNS Number : 2139C
Churchill Mining plc
09 November 2009

?


+--------------------------------------------+
| |
+--------------------------------------------+
| |
+--------------------------------------------+




+----------------------------------------------------------------------------------------+
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES |
+----------------------------------------------------------------------------------------+


+-------------------------------------------+-----------------------------------+
| 1. Identity of the issuer or the | Churchill Mining Plc |
| underlying issuer of existing shares to | |
| which voting rights are attached: | |
+-------------------------------------------+-----------------------------------+


+-------------------+---------------------------------------------------+--------+
| 2 Reason for the notification (please tick the appropriate box or boxes): |
+--------------------------------------------------------------------------------+
| An acquisition or disposal of voting rights | No |
+-----------------------------------------------------------------------+--------+
| An acquisition or disposal of qualifying financial instruments which | No |
| may result in the acquisition of shares already issued to which | |
| voting rights are attached | |
+-----------------------------------------------------------------------+--------+
| An acquisition or disposal of instruments with similar economic | Yes |
| effect to qualifying financial instruments | |
+-----------------------------------------------------------------------+--------+
| An event changing the breakdown of voting rights | No |
+-----------------------------------------------------------------------+--------+
| Other (please | | No |
| specify): | | |
+-------------------+---------------------------------------------------+--------+


+-------------------------------------------+-----------------------------------+
| 3. Full name of person(s) subject to | Pala Investments Holdings Limited |
| the notification obligation: | |
| | |
+-------------------------------------------+-----------------------------------+
| 4. Full name of shareholder(s) (if | N/A |
| different from 3.): | |
| | |
+-------------------------------------------+-----------------------------------+
| 5. Date of the transaction and date | 5 November 2009 |
| on which the threshold is crossed | |
| or reached: | |
| | |
+-------------------------------------------+-----------------------------------+
| 6. Date on which issuer notified: | 6 November 2009 |
| | |
+-------------------------------------------+-----------------------------------+
| 7. Threshold(s) that is/are crossed | 30% |
| or reached: | |
| | |
+-------------------------------------------+-----------------------------------+

+----------------+----------------+-------------+----------------+-------------+----------+----------+----------+
| 8. Notified details: |
+---------------------------------------------------------------------------------------------------------------+
| A: Voting rights attached to shares |
| |
+---------------------------------------------------------------------------------------------------------------+
| Class/type of | Situation previous | Resulting situation after the triggering transaction |
| shares | to the triggering | |
| if possible | transaction | |
| using | | |
| the ISIN CODE | | |
+ +------------------------------+---------------------------------------------------------------+
| | Number | Number | Number | Number of voting | % of voting rights |
| | of | of | of | rights | |
| | Shares | Voting | shares | | |
| | | Rights | | | |
+ + + +----------------+------------------------+---------------------+
| | | | Direct | Direct | Indirect | Direct | Indirect |
+----------------+----------------+-------------+----------------+-------------+----------+----------+----------+
| Ordinary | 22,706,326 | 22,706,326 | 22,706,326 | 22,706,326 | N/A | 29.32% | N/A |
| shares | | | | | | | |
+----------------+ + + + + + + +
| | | | | | | | |
+----------------+----------------+-------------+----------------+-------------+----------+----------+----------+


+---------------------+------------+--------------------+---------------------+----------------+
| B: Qualifying Financial Instruments |
+----------------------------------------------------------------------------------------------+
| Resulting situation after the triggering transaction |
| |
+----------------------------------------------------------------------------------------------+
| Type of financial | Expiration | Exercise/ | Number of voting | % of voting |
| instrument | date | Conversion | rights that may be | rights |
| | | Period | acquired if the | |
| | | | instrument is | |
| | | | exercised/ | |
| | | | converted. | |
| | | | | |
+---------------------+------------+--------------------+---------------------+----------------+
| N/A | N/A | N/A | N/A | N/A |
+---------------------+------------+--------------------+---------------------+----------------+


+--------------------+------------+--------------+----------------+----------------------+-----------+----------+
| C: Financial Instruments with similar economic effect to Qualifying Financial Instruments |
+---------------------------------------------------------------------------------------------------------------+
| Resulting situation after the triggering transaction |
| |
+---------------------------------------------------------------------------------------------------------------+
| Type of financial | Exercise | Expiration | Exercise/ | Number of voting | % of voting rights |
| instrument | price | date | Conversion | rights instrument | |
| | | | period | refers to | |
+--------------------+------------+--------------+----------------+----------------------+----------------------+
| Options | GBP0.12 | 28 March | 5 November | | Nominal | Delta |
| | | 2012 | 2009 - 28 | 1,200,000 | | |
| | | | March 2012 | | | |
+ + + + + +-----------+----------+
| | | | | | 1.55% | N/A |
| | | | | | | |
+--------------------+------------+--------------+----------------+----------------------+--------------------+------------+
| Options | GBP0.20 | 15 April | 5 November | 300,000 | 0.39% | N/A |
| | | 2010 | 2009 - 15 | | | |
| | | | April 2010 | | | |
+--------------------+------------+--------------+----------------+----------------------+-----------+----------+

+-------------------------------------------+-----------------------------------+
| Total (A+B+C) |
| |
+-------------------------------------------------------------------------------+
| Number of voting rights | Percentage of voting rights |
+-------------------------------------------+-----------------------------------+
| 24,206,326 | 31.26% |
+-------------------------------------------+-----------------------------------+


+----------------------------------------------------------------------------------------+
| 9. Chain of controlled undertakings through which the voting rights and/or the |
| financial instruments are effectively held, if applicable: |
+----------------------------------------------------------------------------------------+
| N/A |
+----------------------------------------------------------------------------------------+


+-------------------------------------------+-----------------------------------+
| Proxy Voting: |
| |
+-------------------------------------------------------------------------------+
| 10. Name of the proxy holder: | N/A |
| | |
+-------------------------------------------+-----------------------------------+
| 11. Number of voting rights proxy holder | N/A |
| will cease to hold: | |
| | |
+-------------------------------------------+-----------------------------------+
| 12. Date on which proxy holder will cease | N/A |
| to hold voting rights: | |
| | |
+-------------------------------------------+-----------------------------------+


+-------------------------------------------+-----------------------------------+
| 13. Additional information: | As required under the DTRs, this |
| | notification has been prepared |
| | using the total voting rights |
| | figure of 77,438,514 as set out |
| | in the public announcement made |
| | by Churchill Mining Plc dated 1 |
| | October 2009. Consequently the |
| | quoted percentages of voting |
| | rights detailed in this notice |
| | have been calculated without the |
| | further Churchill Mining Plc |
| | ordinary shares to be issued when |
| | all the Options referred to in |
| | this notification are exercised. |
| | This results in percentage |
| | figures which are artificially |
| | high. On a fully diluted basis |
| | assuming that all such Options |
| | are exercised the resulting |
| | percentage interest would be |
| | 30.66%. |
| | |
+-------------------------------------------+-----------------------------------+
| 14. Contact name: | Richard Luke |
| | |
+-------------------------------------------+-----------------------------------+
| 15. Contact telephone number: | Tel: +44 (0) 1534 639815 |
| | |
+-------------------------------------------+-----------------------------------+



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

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