24th Apr 2012 14:15
Stratex International Plc / Index: AIM / Epic: STI / Sector: Mining
Stratex International Plc
('Stratex' or the 'Company')
Holdings in Company
Stratex International plc, the AIM-quoted exploration and development company focussed in Turkey, East Africa and West Africa, is pleased to announce that, following the Company's recent £7.9 M financing (please see press releases dated 28th March 2012 and 16th April 2012), BlackRock Inc. now holds 48,986,821 ordinary shares in the Company, representing 10.50% of the issued share capital.
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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 | |||||
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 | 20th April 2012 | ||||
6. Date on which issuer notified: | 24th April 2012 | ||||
7. Threshold(s) that is/are crossed orreached: vi, vii | Holding has gone above 10% | ||||
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 | ||||||||||||
GB00B0T29327 | N/A | N/A | N/A | N/A | 48,986,821 | N/A | 10.50% | |||||||||
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
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Nominal | Delta | |||||||||||||||
Total (A+B+C) | ||||||||||||||||
Number of voting rights | Percentage of voting rights | |||||||||||||||
48,986,821 | 10.50% | |||||||||||||||
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 - 48,986,821 (10.50%). Please note: the BlackRock, Inc. holding of 10.50% is inclusive of the 30,936,821 (6.63%) holding notified separately on behalf of BlackRock World Mining Trust PLC.
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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 | |
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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 | ||||||||||||||||||
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 World Mining Trust PLC. | |||||||||||||||||
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 | 20th April 2012 | |||||||||||||||||
6. Date on which issuer notified: | 24th April 2012 | |||||||||||||||||
7. Threshold(s) that is/are crossed orreached: vi, vii | Holding has gone above 6% | |||||||||||||||||
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 | ||||||||||||||
GB00B0T29327 | N/A | N/A | 30,936,821 | 30,936,821 | N/A | 6.63% | N/A | |||||||||||
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
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Nominal | Delta | |||||||||||||||||
Total (A+B+C) | ||||||||||||||||||
Number of voting rights | Percentage of voting rights | |||||||||||||||||
30,936,821 | 6.63% | |||||||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi | ||||||||||||||||||
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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 [email protected], or contact:
Stratex International Plc | Tel: +44 (0)20 7830 9650 |
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David Hall / Bob Foster / Claire Bay
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Grant Thornton Corporate Finance | Tel: +44 (0)20 7383 5100 | |
Gerry Beaney / Melanie Frean
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Northland Capital Partners Limited | Tel: +44 (0)20 7796 8800 | |
Gavin Burnell / Tim Metcalfe John-Henry Wicks / John Howes (Sales)
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Newgate Threadneedle | Tel: +44 (0)20 7653 9850 | |
Graham Herring/Terry Garrett / Beth Harris |
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