REG - Empire Metals Ltd - Holding(s) in Company

Empire MetalsAnnouncement

10/12/2024 13:00

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RNS Number : 5489P  Empire Metals Limited  10 December 2024

Empire Metals Limited / LON: EEE / Sector: Natural Resources

 

10 December 2024

Empire Metals Limited

("Empire" or "the Company")

 

TR1 Notification of Major Holding

 

Empire Metals Limited (LON: EEE), the AIM-quoted resource exploration and
development company, received notification on 5 December 2024 from Gold
Elegant (HK) Investment Limited, that following an acquisition of 3 million
ordinary shares in the Company, Gold Elegant (HK) Investment Limited, is now
interested in 26,000,000 shares, representing 4.09% of the issued share
capital and voting rights of the Company.

 

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

VGG3036T1012

Issuer Name

Empire Metals Limited

UK or Non-UK Issuer

Non-UK issuer

2. Reason for Notification

An acquisition or disposal of voting rights

3. Details of person subject to the notification obligation

Name

Gold Elegant (HK) Investment Limited

City of registered office (if applicable)

Hong Kong

Country of registered office (if applicable)

 

4. Details of the shareholder

Full name of shareholder(s) if different from the person(s) subject to the
notification obligation, above

 

City of registered office (if applicable)

 

Country of registered office (if applicable)

 

5. Date on which the threshold was crossed or reached

03-Dec-2024

6. Date on which Issuer notified

05-Dec-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
 Resulting situation on the date on which threshold was crossed or reached   4.09%                                                                                                                            4.09%                          634,564,810
 Position of previous notification (if applicable)                           5.10%

8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached

8A. Voting rights attached to shares

 Class/Type of shares ISIN code(if possible)  Number of direct voting rights (DTR5.1)  Number of indirect voting rights (DTR5.2.1)  % of direct voting rights (DTR5.1)  % of indirect voting rights (DTR5.2.1)
 VGG3036T1012                                 26,000,000                                                                            4.09%
 Sub Total 8.A                                26,000,000                                                                            4.09%

8B1. 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  % of voting rights
                                                                            exercised/converted

 Sub Total 8.B1

8B2. 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

 Sub Total 8.B2

9. Information in relation to the person subject to the notification
obligation

1. 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.

 Ultimate controlling person  Name of controlled undertaking  % 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  Total of both if it equals or is higher than the notifiable threshold
                                                                                                                                          than the notifiable threshold

10. In case of proxy voting

Name of the proxy holder

 

The number and % of voting rights held

 

The date until which the voting rights will be held

 

12. Date of Completion

05-Dec-2024

13. Place Of Completion

London, UK

 

 

 

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed
inside information for the purposes of Article 7 of Regulation (EU) No
596/2014, as incorporated into UK law by the European Union (Withdrawal) Act
2018, until the release of this announcement.

 

**ENDS**

 

For further information please visit www.empiremetals.co.uk
(http://www.empiremetals.co.uk) or contact:

 Empire Metals Ltd

 Shaun Bunn / Greg Kuenzel / Arabella Burwell                                            Tel: 020 4583 1440
 S. P. Angel Corporate Finance LLP (Nomad & Broker)                                      Tel: 020 3470 0470

 Ewan Leggat / Adam Cowl
 Shard Capital Partners LLP (Joint Broker)                                               Tel: 020 7186 9950

 Damon Heath
 St Brides Partners Ltd (Financial                                                       Tel: 020 7236 1177
 PR)

 Susie Geliher / Charlotte Page

 

About Empire Metals Limited

Empire Metals is an AIM-listed exploration and resource development company
(LON: EEE) with a primary focus on developing Pitfield, an emerging giant
titanium project in Western Australia.

 

Exploration activity at Pitfield has confirmed the discovery of a new giant
mineralised system extending over 40km by 8km by 5km deep. Drilling campaigns
have confirmed high-grade TiO₂ mineralised zones across thick bedded
intervals to a vertical depth of ~350m, confirming Pitfield as a world class,
district-scale titanium mineral system.

 

Empire is now accelerating the economic development of Pitfield, with the
objective of becoming a leading producer of high value titanium dioxide
products.

 

The Company also has two further exploration projects in Australia; the
Eclipse Project and the Walton Project in Western Australia, in addition to
three precious metals projects located in a historically high-grade gold
producing region of Austria.

 

 

 

 

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