28th Jun 2018 17:25
Stratex International Plc
('Stratex' or 'the Company')
Holding(s) in Company
Stratex, the AIM-quoted gold-focused exploration and development company in Turkey and Africa, has receive a major holding notification from Hawk Investment Holdings Limited, advising that it now holds 30,000,000 ordinary shares in the Company, representing 4.27% of the Company's issued share capital.
** ENDS **
For further information please visit www.stratexinternational.com, @StratexPLC on Twitter,
or contact:
Stratex International Plc | Tel: +44 (0)20 830 9650 | |
Tim Livesey / Claire Bay | ||
Camarco (IR/PR Contact) | Tel: +44 (0)20 3757 4980 | |
Gordon Poole / Nick Hennis / Monique Perks | ||
Grant Thornton UK LLP | Tel: +44 (0)20 7383 5100 | |
Samantha Harrison | ||
Hannam & Partners | Tel: +44 (0)20 7907 8500 | |
Neil Passmore / Andrew Chubb | ||
Turner Pope Investments (TPI) Ltd | Tel: +44 (0)2036214120 | |
Ben Turner / James Pope / Andy Thacker | ||
Notes to Editors:
Since listing in 2006, Stratex has discovered more than 2.2 million ounces of gold and 7.09 million ounces of silver, as well as 186,000 tonnes of copper. The Company owns an exciting exploration project in Senegal on which it has signed an option earn-in agreement with IAMGOLD and 14.87% of a copper-gold project at feasibility stage in Turkey, which will likely default to a 1.2% (post-Turkish tax) royalty position during 2018. The Company also has significant interests in Thani Stratex Resources Ltd and Tembo Gold Corp. for their exploration projects in Djibouti and Egypt, and Tanzania respectively. The Company is currently pursuing value-accretive opportunities within its existing portfolio as well as identifying new value-appropriate projects in Africa and Europe.
TR-1: Standard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS | ||||||
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: | Stratex International Plc | |||||
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate) | ||||||
Non-UK issuer | ||||||
2. Reason for the notification (please mark the appropriate box or boxes with an "X") | ||||||
An acquisition or disposal of voting rights | X | |||||
An acquisition or disposal of financial instruments | ||||||
An event changing the breakdown of voting rights | ||||||
Other (please specify)iii: | ||||||
3. Details of person subject to the notification obligationiv | ||||||
Name | Morton PTC Limited as Trustee of The Morton Family Trust (MFT) and Hawk Investment Holdings Limited (HIHL) | |||||
City and country of registered office (if applicable) | HIHL - St Peter Port, Guernsey | |||||
4. Full name of shareholder(s) (if different from 3.)v | ||||||
Name | Hawk Investment Holdings Limited | |||||
City and country of registered office (if applicable) | HIHL - St Peter Port, Guernsey | |||||
5. Date on which the threshold was crossed or reachedvi: | 19th June 2018 | |||||
6. Date on which issuer notified (DD/MM/YYYY): | 28th June 2018 | |||||
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 of issuervii | |||
Resulting situation on the date on which threshold was crossed or reached | 4.27% | 4.27% | 701,801,276 | |||
Position of previous notification (if applicable) | ||||||
8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii | |||||||||
A: Voting rights attached to shares | |||||||||
Class/type ofshares ISIN code (if possible) | Number of voting rightsix | % of voting rights | |||||||
Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | ||||||
GB00B0T29327 |
30,000,000 (HIHL)
| 4.27% | |||||||
SUBTOTAL 8. A | 30,000,000 | 4.27% | |||||||
| |||||||||
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) | |||||||||
Type of financial instrument | Expirationdatex | Exercise/Conversion Periodxi | Number of voting rights that may be acquired if the instrument is exercised/converted. | % of voting rights | |||||
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 | Expirationdatex | Exercise/Conversion Period xi | Physical or cash settlementxii | Number of voting rights | % of voting rights | ||||
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) issuerxiii | ||||
Full chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary) | x | |||
Namexv | % 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 than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold | |
MFT as sole shareholder of HIHL. The Board of Directors of Morton PTC are Albany Directors Limited, Mr Anthony David Holt, Robert Walter Morton (RWM) and Susan Margaret Howard Morton (SMHM). The adult beneficiaries of MFT are SMHM, RWM, Charles Morton (CNM), Edward Morton (EGM) and Andrew Morton (ARM) | 0 | 0 | 0 | |
HIHL | 4.27% | 0 | 4.27% | |
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 informationxvi | ||||
Place of completion | St Peter Port, Guernsey |
Date of completion | 28th June 2018 |
Related Shares:
Oriole Resources