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RNS Number : 9906C First Class Metals PLC 14 October 2022
The information contained within this announcement is deemed to constitute
inside information as stipulated under the retained EU law version of the
Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK
law by virtue of the European Union (Withdrawal) Act 2018. The information is
disclosed in accordance with the Company's obligations under Article 17 of the
UK MAR. Upon the publication of this announcement, this inside information is
now considered to be in the public domain.
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 First Class Metals 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)
2. Reason for the notification (please mark the appropriate box or boxes with
an "X")
An acquisition or disposal of voting rights
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights (No change in shareholding) X
Other (please specify)(iii):
3. Details of person subject to the notification obligation(iv)
Name Power Metal Resources PLC
City and country of registered office (if applicable) London, England
4. Full name of shareholder(s) (if different from 3.)(v)
Name Power Metal Resources PLC
Power Metal Resources Canada Ltd
City and country of registered office (if applicable) London England
Vancouver Canada
5. Date on which the threshold was crossed or reached(vi): 14.10.22
6. Date on which issuer notified (DD/MM/YYYY): 14.10.22
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 27.91% 27.91% 66,338,722
Position of previous notification (if 28.19% 28.19%
applicable)
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 Indirect
(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) (Art 10 of Directive 2004/109/EC) (DTR5.2.1)
GB00BPJGTF16 517,705 17,998,392 0.78% 27.13%
SUBTOTAL 8. A 18,516,097 27.91%
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.
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 Number of voting rights % of voting rights
date(x)
Conversion Period (xi)
settlement(xii)
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) issuer(xiii)
Full chain of controlled undertakings through which the voting rights and/or X
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
Power Metal Resources PLC ("POW") 27.91% 27.91%
Including POW 100% owned subsidiary: 27.13% 27.13%
Power Metal Resources Canada Limited
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 London, England
Date of completion 14.10.2022
For further information, please contact:
First Class Metals PLC
James Knowles, Executive Chairman JamesK@Firstclassmetalsplc.com (mailto:JamesK@Firstclassmetalsplc.com) 07488 362641
Marc J Sale, CEO MarcS@Firstclassmetalsplc.com (mailto:MarcS@Firstclassmetalsplc.com) 07711 093532
Ayub Bodi, Executive Director AyubB@Firstclassmetalsplc.com (mailto:AyubB@Firstclassmetalsplc.com) 07860 598086
First Equity Limited (Financial Adviser & Broker)
020 7374 2212
Jonathan Brown
Jason Robertson
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