Metminco Limited Substantial Shareholder Dealing (2882E)
February 08 2018 - 1:57AM
UK Regulatory
TIDMMNC
RNS Number : 2882E
Metminco Limited
08 February 2018
AIM ANNOUNCEMENT 8 February 2018
SUBSTANTIAL SHAREHOLDER DEALING
Metminco Limited ("Metminco" or the "Company") (ASX: MNC; AIM:
MNC) has today received the following notifications from:
-- Lanstead Capital LP ("Lanstead"), a Substantial Shareholder:
sold 9,031,266 ordinary shares in the Company ("Shares") in an
off-market trade on 2 February 2018 at a price of A$0.0420 per
Share, reducing its shareholding in the Company from 19,316,456
Shares representing 15.19% of the Company's issued share capital to
10,285,190 Shares representing 8.09% of the Company's issued share
capital. Lanstead is now individually considered to be a
Significant Shareholder of the Company.
-- Lanstead III LLC ("Lanstead III") acquired an initial
shareholding in Metminco of 9,031,266 Shares in an off-market trade
on 2 February 2018 at a price of A$0.0420 per Share for an initial
interest in the Company of 7.10% of the Company's issued share
capital. Lanstead is now individually considered to be a
Significant Shareholder of the Company.
The Company has enquired with Lanstead and Lanstead III as to
whether they are considered to be associated parties in order to
determine if together they are to be considered a Substantial
Shareholder. An update will be provided as appropriate.
Graeme Hogan
Company Secretary
For further information,
please contact:
METMINCO LIMITED
Graeme Hogan Office: +61 (0) 2
9460 1856
NOMINATED ADVISOR AND BROKER
RFC Ambrian
Australia
Andrew Thomson / Alena Broesder Office: +61 (0) 2
9250 0000
United Kingdom
Charlie Cryer Office: +44 (0) 20
3440 6800
JOINT BROKER
SP Angel Corporate Finance
LLP (UK)
Ewan Leggat Office: +44 (0) 20
3470 0470
PUBLIC RELATIONS
Camarco
United Kingdom
Gordon Poole / Nick Hennis Office: + 44 (0) 20
3757 4997
Media + Capital Partners
Australia
Luke Forrestal Office: +61 (0) 411
479 144
Forward Looking Statement
All statements other than statements of historical fact included
in this announcement including, without limitation, statements
regarding future plans and objectives of Metminco are
forward-looking statements. When used in this announcement,
forward-looking statements can be identified by words such as
"anticipate", "believe", "could", "estimate", "expect", "future",
"intend", "may", "opportunity", "plan", "potential", "project",
"seek", "will" and other similar words that involve risks and
uncertainties.
These statements are based on an assessment of present economic
and operating conditions, and on a number of assumptions regarding
future events and actions that, as at the date of this
announcement, are expected to take place. Such forward-looking
statements are not guarantees of future performance and involve
known and unknown risks, uncertainties, assumptions and other
important factors, many of which are beyond the control of the
Company, its directors and management of Metminco that could cause
Metminco's actual results to differ materially from the results
expressed or anticipated in these statements.
The Company cannot and does not give any assurance that the
results, performance or achievements expressed or implied by the
forward-looking statements contained in this announcement will
actually occur and investors are cautioned not to place undue
reliance on these forward-looking statements. Metminco does not
undertake to update or revise forward-looking statements, or to
publish prospective financial information in the future, regardless
of whether new information, future events or any other factors
affect the information contained in this announcement, except where
required by applicable law and stock exchange listing
This information is provided by RNS
The company news service from the London Stock Exchange
END
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February 08, 2018 02:57 ET (07:57 GMT)
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