REG - Oriole Resources PLC - Holding(s) in Company
28/12/2023 16:30
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RNS Number : 1119Y Oriole Resources PLC 28 December 2023
Oriole Resources PLC
('Oriole' or 'the Company')
Holding(s) in Company
Oriole Resources PLC (AIM: ORR), the AIM-quoted exploration company focussed
on West Africa, has received the below notification from Lanstead Capital
Investors LP, confirming that it now holds 811,301,440 ordinary shares in the
Company, representing 20.99% of the issued share capital.
** ENDS **
For further information please visit www.orioleresources.com
(http://www.orioleresources.com) , @OrioleResources on Twitter,
or contact:
Oriole Resources Plc Tel: +44 (0)23 8065 1649
Tim Livesey / Bob Smeeton / Claire Bay
BlytheRay (IR/PR Contact) Tel: +44 (0)20 7138 3204
Tim Blythe / Megan Ray
Grant Thornton UK LLP Tel: +44 (0)20 7383 5100
Samantha Harrison / Ciara Donnelly
SP Angel Corporate Finance LLP Tel: +44 (0)20 3470 0470
Ewan Leggat / Harry Davies-Ball
Notes to Editors:
Oriole Resources PLC is an AIM-listed gold exploration company, operating
in West Africa. It is focussed on early-stage exploration
in Cameroon, where the Company has a maiden Resource of 305,000 oz Au in the
JORC Inferred category at the Bibemi project and has identified
multi-kilometre gold and lithium anomalism within the district-scale Central
Licence Package project. The Company is currently working towards the
completion of two earn-in agreements with Ghana-based BCM International
Limited ('BCM') to fast track the Bibemi project and the Mbe licence (part of
the CLP), with BCM committing to signature payments, US$4
million exploration and resource-based success payments at each project in
return for up to 50% ownership. The deals are expected to be completed by the
end of 2023.
At the Company's Senala gold project in Senegal, AGEM Senegal Exploration
Suarl ('AGEM'), a wholly-owned subsidiary of Managem Group, has earned an
initial 51% beneficial interest by spending US$4 million and has the option
to spend up to a further US$4 million by 28 February 2024 to earn a
further 19% interest. The Company also has several interests and royalties in
companies operating in East Africa and Turkey that could deliver future
cash flow.
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 Oriole Resources PLC
which voting rights are attached(ii):
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 obligation(iv)
Name Lanstead Capital Investors LP
City and country of registered office (if applicable)
4. Full name of shareholder(s) (if different from 3.)(v)
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or reached(vi): 28/12/2023
6. Date on which issuer notified (DD/MM/YYYY): 28/12/2023
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 both in % (8.A + 8.B) Total number of voting rights of issuer(vii)
(total of 8.B 1 + 8.B 2)
Resulting situation on the date on which threshold was crossed or reached 20.99% 0.00% 20.99% 3,864,539,005
Position of previous notification (if applicable) 23.26% 0 23.26%
8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached(viii)
A: Voting rights attached to shares
Class/type of Number of voting rights(ix) % of voting rights
shares
ISIN code (if possible)
Direct Indirect Direct In
di
(Art 9 of Directive 2004/109/EC) (DTR5.1) (Art 10 of Directive 2004/109/EC) (DTR5.2.1) (Art 9 of Directive 2004/109/EC) (DTR5.1) re
ct
(A
rt
10
of
Di
re
ct
iv
e
20
04
/1
09
/E
C)
(D
TR
5.
2.
1)
GB00B0T29327 811,301,440 0 20.99% 0.00%
SUBTOTAL 8. A 811,301,440 20.99%
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 Exercise/ Number of voting rights that may be acquired if the instrument is % of voting rights
date(x)
Conversion Period(xi)
exercised/converted.
N/A
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 Exercise/ Physical or cash settlement(xii) Number of voting rights % of voting rights
date(x)
Conversion Period (xi)
N/A
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 X
person or legal entity and does not control any other undertaking(s) holding
directly or indirectly an interest in the (underlying) issuer(xiii)
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(xiv) (please add additional rows as
necessary)
Name(xv) % 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
N/A
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(xvi)
Place of completion LON
Date of completion 28/12/2023
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