27th May 2009 09:09
Atlantic Coal plc / Index: AIM / Epic: ATC / Sector: Mining
27 May 2009
Atlantic Coal plc ('Atlantic' or 'the Company')
Holdings in Company
Atlantic Coal has been informed that as a result of an issue of equity in the Company on 30 April 2009 and various acquisitions and disposals, the following shareholders have crossed reportable thresholds:
|
Number of shares purchased or sold |
Date of transaction |
Threshold crossed or reached |
Total number of shares held at 27/05/09 |
New percentage of ISC* held |
|
|
Rochas Holdings Limited |
Sold 2,970,000 |
25 February 2009 |
6% |
75,984,117 |
5.70% |
|
Jennifer Houghton |
Purchased 20,000,000 |
29 April 2009 |
4% |
59,196,962 |
4.44% |
|
George Houghton |
Sold 8,500,000 |
29 April 2009 |
5% |
53,733,000 |
4.03% |
|
John Edward Storey |
Sold 16,673,000 |
1 October 2008 |
3% |
40,000,000 |
Below reportable threshold |
*total ordinary issued share capital of the Company
***Ends***
For further information on the Company, visit: www.atlanticcoal.com or contact:
|
Stephen Best / Greg Kuenzel |
Atlantic Coal plc |
Tel: 020 7182 1747 |
|
Rod Venables / James Reeve |
HB Corporate |
Tel: 020 7510 8600 |
|
Daniel Fox-Davies |
Fox Davies Capital |
Tel: 020 7936 5230 |
|
Hugo de Salis / Victoria Thomas |
St Brides Media & Finance |
Tel: 020 7236 1177 |
About the Company:
Atlantic Coal owns and operates the Stockton Colliery which comprises an opencast anthracite mine and an adjacent anthracite washing plant. The mine is an established non-union surface mine encompassing circa 900 land acres in the Hazle Creek Valley, Pennsylvania and has an estimated proven reserve of 4 million tonnes. Mining of raw coal is from the high quality mammoth seam, while washing and sizing takes place in the 150 tonne per hour coal preparation plant. J T Boyd Company, the Company's Competent Person, estimated that there is over 10 years of mine life from existing reserves at an average production rate of 400,000 Run of Mine ('ROM') tonnes per annum. Based on historic production levels, the mine is capable of and is projected to produce approximately 450,000 ROM tonnes of coal per year. Mining operations are conducted by the use of hydraulic excavators. Uncovered raw coal is then loaded into 100 tonne trucks for delivery to the onsite preparation plant. As each section of the mine is developed, mining progresses from the northern and southern faces into the basin. This yields a constant flow of raw coal to the preparation plant.
Related Shares:
Atlantic Coal