REG - Saturn Resources Ltd Shanta Gold Limited - Form 8 (OPD) (Saturn Resources Ltd)

Shanta GoldAnnouncement

02/01/2024 10:00

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RNS Number : 3586Y  Saturn Resources Ltd  02 January 2024

FORM 8 (OPD)

 

PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

Rules 8.1 and 8.2 of the Takeover Code (the "Code")

 

1.         KEY INFORMATION

 

 (a) Full name of discloser:                                                     Saturn Resources Ltd
 (b) Owner or controller of interests and short positions disclosed, if          ETC Holdings (Mauritius) Limited ('ETCH')
 different from 1(a):

      The naming of nominee or vehicle companies is insufficient.  For a
 trust, the trustee(s), settlor and beneficiaries must be named.
 (c) Name of offeror/offeree in relation to whose relevant securities this form  Shanta Gold Limited
 relates:

      Use a separate form for each offeror/offeree
 (d) Is the discloser the offeror or the offeree?                                OFFEROR
 (e) Date position held:                                                         02/01/2024

      The latest practicable date prior to the disclosure
 (f)  In addition to the company in 1(c) above, is the discloser making          N/A
 disclosures in respect of any other party to the offer?

      If it is a cash offer or possible cash offer, state "N/A"

 

2.         POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE

 

If there are positions or rights to subscribe to disclose in more than one
class of relevant securities of the offeror or offeree named in 1(c), copy
table 2(a) or (b) (as appropriate) for each additional class of relevant
security.

 

(a)        Interests and short positions in the relevant securities of
the offeror or offeree to which the disclosure relates

 

 Class of relevant security:                                          Ordinary shares of 0.01p each in the share capital of Shanta Gold Limited

                                                                    ("Ordinary Shares")

                                                                      Interests                                 Short positions

                                                                      Number               %                    Number               %
 (1) Relevant securities owned and/or controlled:
 (2) Cash-settled derivatives:

 (3) Stock-settled derivatives (including options) and agreements to
 purchase/sell:
 TOTAL:                                                               N/A                                       N/A

 

 

(b)        Rights to subscribe for new securities

 

 Class of relevant security in relation to which subscription right exists:   None
 Details, including nature of the rights concerned and relevant percentages:  N/A

 

 

3.         POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO
THE OFFER MAKING THE DISCLOSURE

 

 Details of any interests, short positions and rights to subscribe (including
 directors' and other employee options) of any person acting in concert with
 the party to the offer making the disclosure:
 Name                       Interests in Ordinary Shares  %
 Mr Ketan Patel*            256,251                       0.02
 Export Holdings Limited**  44,488,248                    4.23
 Mr Badal Patel***          107,197                       0.01
 Total                      44,851,696                    4.27

* Mr Ketan Patel is a director and one of the ultimate beneficial owners of
 ETCH

 ** A company controlled and owned by the same ultimate beneficial owners of
 ETCH, including Mr Ketan Patel

 ***Mr Badal Patel is CFO of Saturn Resources Ltd

* Mr Ketan Patel is a director and one of the ultimate beneficial owners of
ETCH

** A company controlled and owned by the same ultimate beneficial owners of
ETCH, including Mr Ketan Patel

***Mr Badal Patel is CFO of Saturn Resources Ltd

 

 

 

 

4.         OTHER INFORMATION

 

(a)        Indemnity and other dealing arrangements

 

 Details of any indemnity or option arrangement, or any agreement or
 understanding, formal or informal, relating to relevant securities which may
 be an inducement to deal or refrain from dealing entered into by the party to
 the offer making the disclosure or any person acting in concert with it:

 Irrevocable commitments and letters of intent should not be included. If there
 are no such agreements, arrangements or understandings, state "none"
 none

 

(b)        Agreements, arrangements or understandings relating to
options or derivatives

 

 Details of any agreement, arrangement or understanding, formal or informal,
 between the party to the offer making the disclosure, or any person acting in
 concert with it, and any other person relating to:

 (i)  the voting rights of any relevant securities under any option; or

 (ii) the voting rights or future acquisition or disposal of any relevant
 securities to which any derivative is referenced:

 If there are no such agreements, arrangements or understandings, state "none"
 none

 

(c)        Attachments

 

Are any Supplemental Forms attached?

 

 Supplemental Form 8 (Open Positions)  NO
 Supplemental Form 8 (SBL)             NO

 

 

 Date of disclosure:  02/01/2024
 Contact name:        Badal Patel
 Telephone number:    +44 (0)20 3207 7800

 

 

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