REG - Shanta Gold Limited - Notification of Major Holdings

Shanta GoldAnnouncement

30/06/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230630:nRSd4634Ea&default-theme=true

RNS Number : 4634E  Shanta Gold Limited  30 June 2023

Shanta Gold Limited

 

("Shanta" or the "Company")

Notification of Major Holdings

Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and
explorer, announces that to the best of the Company's knowledge the Company's
former significant shareholder, Odey Asset Management LLP, is now interested
in 12,232,168 ordinary shares in the capital of the Company representing
approximately 1.16% of the Company's issued share capital.

This updated position is further to the position disclosed by Odey Asset
Management LLP in the TR-1 notification set out below. The TR-1 notification
was prepared as at 20 June 2023 and, due to an administrative error, was only
delivered to the Company today.

 

TR-1: Standard form for notification of major holdings

1. Issuer Details

ISIN

GB00B0CGR828

Issuer Name

SHANTA GOLD LIMITED

UK or Non-UK Issuer

UK

2. Reason for Notification

An acquisition or disposal of voting rights; An acquisition or disposal of
financial instruments

3. Details of person subject to the notification obligation

Name

ODEY ASSET MANAGEMENT LLP

City of registered office (if applicable)

London

Country of registered office (if applicable)

United Kingdom

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

20-Jun-2023

6. Date on which Issuer notified

21-Jun-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 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  3.870000                                              0.630000                                                                   4.500000                        47283591
 Position of previous notification (if applicable)                          7.140000                                              1.220000                                                                   8.360000

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)
 GB00B0CGR828                                 40705913                                 0                                            3.870000                            0.000000
 Sub Total 8.A                                40705913                                                                              3.870000%

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
 Contract for Difference       Non applicable                               Cash                         6577678                  0.630000
 Sub Total 8.B2                                                                                          6577678                  0.630000%

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

 

11. Additional Information

none

12. Date of Completion

21-Jun-2023

13. Place Of Completion

London

 

 

 

Enquiries:

 

 Shanta Gold Limited
 Eric Zurrin (CEO)                                   +44 (0) 14 8173 2153
 Michal Devine (CFO)

 Nominated Adviser and Joint Broker
 Liberum Capital Limited
 Scott Mathieson / Kane Collings / Nikhil Varghese   +44 (0) 20 3100 2000

 Public Relations
 FTI Consulting
 Sara Powell / Nick Hennis                          +44 (0) 20 3727 1426

About Shanta Gold

Shanta Gold is an East Africa-focused responsible gold producer, developer,
and explorer. The company has an established operational track record, with
defined ore resources on the New Luika and Singida projects in Tanzania, with
reserves of 625 Koz grading 2.91 g/t, and exploration licences covering
approximately 800 km2 in the country. Alongside New Luika and Singida, Shanta
also owns the high-grade West Kenya Project in Kenya and licences with
resources of 1.7 million ounces including 722 Koz in the Indicated category
grading 11.45 g/t. With a healthy balance sheet, a growing diversified
portfolio and a maiden dividend paid in 2021, Shanta offers a resilient
investment opportunity for the near and long-term. Shanta is quoted on
London's AIM market (AIM: SHG) and has approximately 1,051 million shares in
issue.

ENDS

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  HOLEANKNAALDEFA