REG - Condor Gold PLC - Holdings in Company <Origin Href="QuoteRef">CNDR.L</Origin>

Condor GoldAnnouncement

20/09/2017 16:21

RNS Number : 3393R
Condor Gold PLC
20 September 2017
20 September 2017
Condor Gold plc
(''Condor'' or "the Company")
Holdings in Company
The Board of Condor announces that the Company has received the following TR-1 notification which is set out below.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.
- Ends - 
For further information please visit www.condorgold.comor 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 
Blytheweigh
Tim Blythe and Camilla Horsfall
+44 (0) 02 7138 3204
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.
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS(to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:
CONDOR GOLD PLC
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
Non-UK issuer

2. Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights
X
An acquisition or disposal of financial instruments

An event changing the breakdown of voting rights

Other (please specify)iii:

3. Details of person subject to the notification obligationiv
Name
CANACCORD GENUITY GROUP INC
City and country of registered office (if applicable)
VANCOUVER, CANADA
4. Full name of shareholder(s) (if different from 3.)v
Name
DISCRETIONARY CLIENTS
City and country of registered office (if applicable)

5. Date on which the threshold was crossed or reachedvi:
18 SEPTEMBER 2017
6. Date on which issuer notified (DD/MM/YYYY):
19 SEPTEMBER 2017
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 of issuervii
Resulting situation on the date on which threshold was crossed or reached
5.0701%
0.00
5.0701%
61,365,382
Position of previous notification (if 
applicable)
N/A
N/A
N/A

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii
A: Voting rights attached to shares
Class/type of
shares
ISIN code (if possible)
Number of voting rightsix
% of voting rights
Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)
Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)
Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)
Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)
GB00B8225591
N/A
3,111,290
N/A
5.0701%










SUBTOTAL 8. A
3,111,290
5.0701%
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
Type of financial instrument
Expiration
datex
Exercise/
Conversion Periodxi
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 Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of financial instrument
Expiration
datex
Exercise/
Conversion Period xi
Physical or cash 
settlementxii
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) issuerxiii

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 entityxiv (please add additional rows as necessary)
X
Namexv
% 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
Canaccord Genuity Group Inc.[1]
5.0701%

5.0701%




Canaccord Genuity Wealth Group Holdings Limited
5.0701%

5.0701%
Canaccord Genuity Wealth Group Holdings (Jersey) Limited
5.0701%

5.0701%
Hargreave Hale Limited
5.0701%

5.0701%
[1] Each company set out in this table is ultimately owned by Canaccord Genuity Group Inc.
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 informationxvi
This disclosable event is as a result of the acquisition of Hargreave Hale Limited by Canaccord Genuity Group Inc., through its wholly-owned subsidiary Canaccord Genuity Wealth Group Holdings (Jersey) Limited.
Place of completion
London
Date of completion
19/09/17




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