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Holding(s) in Company

11th Jun 2012 13:00

RNS Number : 1056F
Stratex International PLC
11 June 2012
 



Stratex International Plc / Index: AIM / Epic: STI / Sector: Mining

 

 

 

 

Stratex International Plc

('Stratex' or the 'Company')

Holdings in Company

 

 

Stratex International plc, the AIM-quotedexploration and development company focussed in Turkey, East Africa and West Africa, is pleased to announce that BlackRock Inc. has increased its shareholding in the Company and now holds 51,386,821ordinary shares in the Company, representing 11.01% of the issued share capital.

 

 

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii

Stratex International PLC

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached

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):

3. Full name of person(s) subject to thenotification obligation: iii

BlackRock, Inc.

4. Full name of shareholder(s)  (if different from 3.):iv

5. Date of the transaction and date onwhich the threshold is crossed orreached: v

6th June 2012

6. Date on which issuer notified:

8th June 2012

7. Threshold(s) that is/are crossed orreached: vi, vii

Holding has gone above 11%

 

8. Notified details:

A: Voting rights attached to shares viii, ix

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 x

Direct

Direct xi

Indirect xii

Direct

Indirect

GB00B1GC5238

48,986,821

48,986,821

N/A

N/A

51,386,821

N/A

11.01%

B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financialinstrument

Expirationdate xiii

Exercise/Conversion Period xiv

Number of votingrights that may beacquired if theinstrument isexercised/ converted.

% of votingrights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi

Resulting situation after the triggering transaction

Type of financialinstrument

Exercise price

Expiration date xvii

Exercise/Conversion period xviii

Number of voting rights instrument refers to

 

% of voting rights xix, xx

 

Nominal

Delta

Total (A+B+C)

Number of voting rights

Percentage of voting rights

51,386,821

11.01%

 

9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi

 

BlackRock Investment Management (UK) Limited - 51,386,821 (11.01%)

 

 

Proxy Voting:

10. Name of the proxy holder:

11. Number of voting rights proxy holder will ceaseto hold:

12. Date on which proxy holder will cease to holdvoting rights:

13. Additional information:

BlackRock International Threshold Reporting Team

14. Contact name:

Andrew Manchester

15. Contact telephone number:

020 7743 5773

 

 

 

 

* * ENDS * *

 

 

For further information please visit www.stratexinternational.com, email info@stratexplc.com, or contact:

 

 

Stratex International Plc

Tel: +44 (0)20 7830 9650

David Hall / Bob Foster / Claire Bay

 

Grant Thornton Corporate Finance

 

Tel: +44 (0)20 7383 5100

Gerry Beaney / Melanie Frean

 

Northland Capital Partners Limited

 

Tel: +44 (0)20 7796 8800

Gavin Burnell / Tim Metcalfe

John-Henry Wicks / John Howes (Sales)

 

Newgate Threadneedle

 

Tel: +44 (0)20 7653 9850

Josh Royston / Beth Harris

 

 

 

 

Notes to editors:

 

 

Stratex International is an AIM-quoted exploration and development company focussed on gold  and high-value  base metals  in  Turkey, East  Africa  and West  Africa. Since listing on AIM in 2006, Stratex has had an impressive track record of successful exploration supported by joint-venture partnerships, both with major international mining companies and local companies to maximisethe potential of its discoveries.

 

 

It currently has a substantial portfolio of projects, with two in Turkey that are nearing gold production, currently scheduled for 2013. To date Stratex has discovered more than 2.2 million ounces of gold and 7.9 million ounces of silver.

 

 

For more information please see the Company's website at www.stratexinternational.com

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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