13th Jun 2016 12:55
For immediate release | 13 June 2016 |
Centamin plc ("Centamin" or the "Company")
(LSE:CEY, TSX:CEE)
Director Disposal of Shares
Centamin announces the following disposal of ordinary shares in the Company pursuant to DTR 3.1.2R:
Mr Josef El-Raghy, Chairman of the Company, disposed of 5,000,000 ordinary shares in the Company between 8 June 2016 and 10 June 2016 at an average price of £1.11 per share. The notification relates to Nordana Pty Ltd, a fund connected to Mr Josef El-Raghy. The transactions occurred on the London Stock Exchange.
Following these transactions, Mr Josef El-Raghy's holdings and those of his connected persons in the share capital of the Company are as follows:
Registered Holder Number of ordinary shares
Nordana Pty Ltd 0
El-Raghy Kriewaldt Pty Ltd 52,549,372
S & M El-Raghy 350,000
Montana Realty Pty Ltd 950,000
The total number of fully paid ordinary shares in which Josef El-Raghy and his connected persons have a
beneficial interest is 53,849,372 representing 4.67% of the issued ordinary share capital of the Company. This announcement contains the information required under DTR 5.1.2.
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TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES | |||||
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1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii | Centamin PLC | ||||
2 Reason for the notification (please tick the appropriate box or boxes): | |||||
An acquisition or disposal of voting rights | ¨ | ||||
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached | S | ||||
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments | ¨ | ||||
An event changing the breakdown of voting rights | ¨ | ||||
Other (please specify): |
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3. Full name of person(s) subject to thenotification obligation: | Josef El-Raghy | ||||
4. Full name of shareholder(s) (if different from 3.): |
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5. Date of the transaction and date onwhich the threshold is crossed orreached: | 8 June, 2016 to 10 June, 2016 | ||||
6. Date on which issuer notified: | 13 June, 2016 | ||||
7. Threshold(s) that is/are crossed orreached: | Below 5% | ||||
8. Notified details: | ||||||||||||||||
A: Voting rights attached to shares | ||||||||||||||||
Class/type ofshares if possible usingthe ISIN CODE | Situation previousto the triggeringtransaction | Resulting situation after the triggering transaction | ||||||||||||||
NumberofShares | NumberofVotingRights | Numberof shares | Number of votingrights | % of voting rights | ||||||||||||
Direct | Direct | Indirect | Direct | Indirect | ||||||||||||
JE00B5TT1872 | 58,849,372 | 58,849,372 | N/A | N/A | 53,849,372 | N/A | 4.67% | |||||||||
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B: Qualifying Financial Instruments | ||||||||||||||||
Resulting situation after the triggering transaction | ||||||||||||||||
Type of financialinstrument | Expirationdate | Exercise/Conversion Period | Number of votingrights that may beacquired if theinstrument isexercised/ converted. | % of votingrights | ||||||||||||
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments | ||||||||||||||||
Resulting situation after the triggering transaction | ||||||||||||||||
Type of financialinstrument | Exercise price | Expiration date | Exercise/Conversion period | Number of voting rights instrument refers to
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| Nominal | Delta | ||||||||||
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Total (A+B+C) | ||||||||||||||||
Number of voting rights | Percentage of voting rights | |||||||||||||||
53,849,372 | 4.67% | |||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: | ||
Registered Holder Number of ordinary shares Nordana Pty Ltd 0 El-Raghy Kriewaldt Pty Ltd 52,549,372 S & M El-Raghy 350,000 Montana Realty Pty Ltd 950,000
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Proxy Voting: | ||
10. Name of the proxy holder: |
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11. Number of voting rights proxy holder will ceaseto hold: |
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12. Date on which proxy holder will cease to holdvoting rights: |
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13. Additional information: |
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14. Contact name: | Centamin plc | |
15. Contact telephone number: | +44 (0) 1534 828708 | |
For more information please contact:
Centamin plc Josef El-Raghy, Chairman Andy Davidson, Head of Investor Relations +44 (0) 1534 828708 | Buchanan Bobby Morse + 44 (0) 20 7466 5000 |
Related Shares:
Centamin PLC