24th Jun 2008 13:10
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Press Release |
24 June 2008 |
Aricom plc ("Aricom", the "Company")
Directors' Dealings
Aricom plc (LSE:ORE, OREW), the Anglo-Russian developer of mineral resources, announces that it has today been notified that Philotus Holdings Limited (which is a company in which Mr. Peter Hambro and Dr. Pavel Maslovskiy and their associates have interests) has today sold 10 million ordinary shares in Aricom at £0.88 per share and that its holding in the Company has decreased to 132,045,454 representing 11.5% of the issued share capital of the Company.
Following the above transaction, the total holdings of Peter Hambro and associates and Pavel Maslovskiy and associates in the Company are as follows:
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Total no of shares held in the Company |
% of issued capital |
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Peter Hambro and associates |
87,601,729 |
7.63% |
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Pavel Maslovskiy and associates |
87,779,094 |
7.65% |
Aricom has also been informed by Philotus Holdings Limited that the above transaction was carried out for debt reduction purposes.
For further information:
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Aricom plc |
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Charlie Gordon, Investor Relations Officer Heather Williams, Company Secretary |
Tel: +44 (0) 20 7201 8939 |
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www.aricom.plc.uk |
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Abchurch |
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Charlie Jack/ George Parker |
Tel: +44 (0) 20 7398 7700 |
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www.abchurch-group.com |
TR-1: notification of major interests in shares
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1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: |
ARICOM PLC |
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2. Reason for the notification (please tick the appropriate box or boxes) |
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An acquisition or disposal of voting rights |
x |
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An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached |
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An event changing the breakdown of voting rights |
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Other (please specify):___________________________________________ |
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3. Full name of person(s) subject to the notification obligation: |
Philotus Holdings Limited |
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4. Full name of shareholder(s) (if different from 3.): |
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5. Date of the transaction (and date on which the threshold is crossed or reached if different): |
24/06/08 |
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6. Date on which issuer notified: |
24/06/08 |
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7. Threshold(s) that is/are crossed or reached: |
12% |
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8. Notified details: |
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A: Voting rights attached to shares |
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Class/type of shares if possible using the ISIN CODE |
Situation previous to the Triggering transaction |
Resulting situation after the triggering transaction |
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Number of Shares |
Number of Voting Rights viii |
Number of shares |
Number of voting rights ix |
% of voting rights |
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Direct |
Direct x |
Indirect xi |
Direct |
Indirect |
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Ordinary (GB0033990283) |
142,045,454 |
142,045,454 |
132,045,454 |
132,045,454 |
11.5% |
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B: Financial Instruments |
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Resulting situation after the triggering transaction xii |
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Type of financial instrument |
Expiration date xiii |
Exercise/ Conversion Period/ Date xiv |
Number of voting rights that may be acquired if the instrument is exercised/ converted. |
% of voting rights |
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Total (A+B) |
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Number of voting rights |
% of voting rights |
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132,045,454 |
11.5% |
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9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable xv: |
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Proxy Voting: |
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10. Name of the proxy holder: |
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11. Number of voting rights proxy holder will cease to hold: |
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12. Date on which proxy holder will cease to hold voting rights: |
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13. Additional information: |
Philotus Holdings Limited is a company associated with Peter Hambro and Pavel Maslovskiy, Directors of the Issuer, Aricom plc |
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14. Contact name: |
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15. Contact telephone number: |
Annex Notification Of Major Interests In Shares xvi
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A: Identity of the person or legal entity subject to the notification obligation |
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Full name (including legal form for legal entities) |
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Contact address (registered office for legal entities) |
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Phone number |
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Other useful information (at least legal representative for legal persons) |
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B: Identity of the notifier, if applicable xvii |
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Full name |
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Contact address |
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Phone number |
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Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation) |
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C: Additional information |
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The resultant Directors' holdings post the described transaction are: Number of Percent of issued capital Shares
Peter Hambro & Associates 87,601,729 7.63% Pavel Maslovski & Associates 87,779,094 7.65% |
Notes
Related Shares:
Orogen Gold