REG - Condor Gold PLC - Holding(s) in Company <Origin Href="QuoteRef">CNDR.L</Origin>

Condor GoldAnnouncement

09/01/2017 17:15

RNS Number : 7246T
Condor Gold PLC
09 January 2017
9 January 2017
Condor Gold plc
(''Condor'' or "the Company")
Holdings in Company
Director's Dealings
The Board of Condor announces that the Company has received the following TR-1 notification which is set out below.
The Company also announces that a director, Mark Child has purchased certain of the shares disposed of as detailed in the attached TR1, as follows:
Director
Shares acquired
Price per Share
Date acquired
Resultant holding
Resultant percentage holding
Mark Child
20,000
54 pence
9th January 2017
3,962,500 Ordinary Shares
7.49%
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
- Ends - 
For further information please visit www.condorgold.com or contact:
Condor Gold plc
Mark Child, Executive Chairman and CEO
+44 (0) 20 7493 2734
Beaumont Cornish Limited
Numis Securities Limited
Roland Cornish and James Biddle
+44 (0) 20 7628 3396
John Prior and James Black
+44 (0) 20 72601000 
Farm Street Media
Simon Robinson
+44 (0) 7593 340107
About Condor Gold plc:
Condor Gold plc was admitted to AIM on 31st May 2006. The Company is a gold exploration and development company with a focus on Central America. 
Condor completed a Pre-Feasibility Study (PFS) and two Preliminary Economic Assessments (PEA) on La India Project in Nicaragua in December 2014. The PFS details an open pit gold mineral reserve of 6.9M tonnes at 3.0g/t gold for 675,000 oz gold producing 80,000 oz gold p.a. for 7 years. The PEA for the open pit only scenario details 100,000 oz gold production p.a. for 8 years whereas the PEA for a combination of open pit and underground details 140,000 oz gold production p.a. for 8 years. La India Project contains a total attributable mineral resource of 18.4Mt at 3.9g/t for 2.33M oz gold and 2.68M oz silver at 6.2g/t to the CIM Code.
In El Salvador, Condor has an attributable 1,004,000 oz gold equivalent at 2.6g/t JORC compliant resource. The resource calculations are compiled by independent geologists SRK Consulting (UK) Limited for Nicaragua and Ravensgate and Geosure for El Salvador.
Disclaimer
Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.
The notification below, made in accordance with the requirements of the EU Market Abuse Regulations, provides further detail in respect of the transaction as described above.
1
Detailsofthepersondischargingmanagerialresponsibilities/personclosely associated
a)
Name
Mark Child
2
Reason for notification
a)
Position / status
Chairman
b)
Initial notification
/Amendment
Initial
3
Detailsoftheissuer,emissionallowancemarketparticipant,auctionplatform, auctioneerorauctionmonitor
a)
Name
Condor Gold plc
b)
LEI
Not applicable
4
Detailsofthetransaction(s): sectiontoberepeatedfor(i)eachtypeofinstrument;(ii)eachtypeoftransaction;(iii)eachdate;and(iv)eachplacewheretransactionshavebeenconducted
a)
Descriptionof thefinancial instrument,type ofinstrument
Identificationcode
Ordinary shares of 20 pence each in Condor Gold plc
ISIN GB00B8225591

Nature of the transaction
Purchase of 20,000 ordinary shares

Price(s) and volumes(s)
Price(s)
Volumes(s)
54p 
20,000
d)
Aggregated information
n/a
e)
Date of the transaction
9th January 2017
f)
Place of the transaction
London Stock Exchange, AIM (XLON)
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
Condor Gold plc
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
Yes
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
N/A
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
N/A
An event changing the breakdown of voting rights
N/A
Other (please specify):
N/A
3. Full name of person(s) subject to the
notification obligation:iii
Regent Pacific Group Limited
4. Full name of shareholder(s)
(if different from 3.):iv
Regent Pacific Group Limited
5. Date of the transaction and date on
which the threshold is crossed or
reached:v
2,340,276 shares in CNR were disposed of on market on 6 January 2017.
6. Date on which issuer notified:
9 January 2017
7. Threshold(s) that is/are crossed or
reached:vi, vii
4%


8. Notified details:
A: Voting rights attached to sharesviii, 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
3,977,274
3,977,274
1,636,998
1,636,998
Nil
3.094%
Nil

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 Instrumentsxv, 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
1,636,998
3.094%


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

N/A
14. Contact name:
Stella Fung
15. Contact telephone number:
+852 2514 6111

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