Oriole Resources PLC Holding(s) in Company (3564X)
December 19 2023 - 9:57AM
UK Regulatory
TIDMORR
RNS Number : 3564X
Oriole Resources PLC
19 December 2023
Oriole Resources PLC
('Oriole' or 'the Company')
Holding(s) in Company
Oriole Resources PLC (AIM: ORR), the AIM-quoted exploration
company focussed on West Africa, has received the below
notification from Lanstead Capital Investors LP, confirming that it
now holds 898,922,712 ordinary shares in the Company, representing
23.26% of the issued share capital.
**S **
For further information please visit www.orioleresources.com , @OrioleResources on Twitter,
or contact:
Oriole Resources Plc Tel: +44 (0)23 8065 1649
Tim Livesey / Bob Smeeton / Claire
Bay
BlytheRay (IR/PR Contact) Tel: +44 (0)20 7138 3204
Tim Blythe / Megan Ray
Grant Thornton UK LLP Tel: +44 (0)20 7383 5100
Samantha Harrison / Ciara Donnelly
SP Angel Corporate Finance LLP Tel: +44 (0)20 3470 0470
Ewan Leggat / Harry Davies-Ball
Notes to Editors:
Oriole Resources PLC is an AIM-listed gold exploration company,
operating in West Africa. It is focussed on early-stage exploration
in Cameroon, where the Company has a maiden Resource of 305,000 oz
Au in the JORC Inferred category at the Bibemi project and has
identified multi-kilometre gold and lithium anomalism within the
district-scale Central Licence Package project. The Company is
currently working towards the completion of two earn-in agreements
with Ghana-based BCM International Limited ('BCM') to fast track
the Bibemi project and the Mbe licence (part of the CLP), with BCM
committing to signature payments, US$4 million exploration and
resource-based success payments at each project in return for up to
50% ownership. The deals are expected to be completed by the end of
2023.
At the more advanced Senala gold project in Senegal, AGEM
Senegal Exploration Suarl ('AGEM'), a wholly-owned subsidiary of
Managem Group, has earned an initial 51% beneficial interest by
spending US$4 million and has the option to spend up to a further
US$4 million by 28 February 2024 to earn a further 19% interest.
The Company also has several interests and royalties in companies
operating in East Africa and Turkey that could deliver future cash
flow.
TR-1: S tandard form for notification of major holdings
NOTIFICATION OF MAJOR HOLDINGS
1a. Identity of the issuer or the Oriole Resources PLC
underlying issuer of existing shares
to which voting rights are attached
(ii) :
----------------------------------------
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 obligation (iv)
Name Lanstead Capital Investors LP
City and country of registered office
(if applicable)
4. Full name of shareholder(s) (if different from 3.) (v)
Name
----------------------------------------
City and country of registered office
(if applicable)
----------------------------------------
5. Date on which the threshold was 18/12/2023
crossed or reached (vi) :
----------------------------------------
6. Date on which issuer notified 19/12/2023
(DD/MM/YYYY):
----------------------------------------
7. Total positions of person(s) subject to the notification obligation
% of voting % of voting rights Total of both Total number
rights attached through financial in % (8.A of voting
to shares (total instruments + 8.B) rights of
of 8. A) (total of 8.B issuer (vii)
1 + 8.B 2)
------------------ --------------------- -------------- ----------------
Resulting situation
on the date
on which threshold
was crossed
or reached 23.26% 0.00% 23.26% 3,864,539,005
------------------ --------------------- -------------- ----------------
Position of
previous notification
(if applicable) 26.23% 0 26.23%
------------------ --------------------- -------------- ----------------
8. Notified details of the resulting situation on the date on which
the threshold was crossed or reached (viii)
A: Voting rights attached to shares
Class/type of Number of voting rights % of voting rights
shares (ix)
ISIN code (if
possible)
Direct Indirect Direct Indirect
(Art 9 of Directive (Art 10 of Directive (Art 9 of Directive (Art 10
2004/109/EC) 2004/109/EC) 2004/109/EC) (DTR5.1) of Directive
(DTR5.1) (DTR5.2.1) 2004/109/EC)
(DTR5.2.1)
-----------------------------------
GB00B0T29327 898,922,712 0 23.26% 0.00%
------------------------- ----------------------------------- -------------------------- ------------------
SUBTOTAL 8.
A 898,922,712 23.26%
-------------------------------------------------------------- ----------------------------------------------
B 1: Financial Instruments according to Art. 13(1)(a) of Directive
2004/109/EC (DTR5.3.1.1 (a))
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date Conversion Period rights that may rights
(x) (xi) be acquired if
the instrument
is
exercised/converted.
------------- -------------------------------------- ----------------------------------- ------------------
N/A
------------- -------------------------------------- ----------------------------------- ------------------
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 Expiration Exercise/ Physical Number of % of voting
financial date (x) Conversion or cash settlement voting rights rights
instrument Period (xi) (xii)
--------------------- ---------------------- ------------------------------ -------------------
N/A
------------- ---------------------- ------------------------------ -------------------
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 X
by any natural person or legal entity and does not control any
other undertaking(s) holding directly or indirectly an interest
in the (underlying) issuer (xiii)
Full chain of controlled undertakings through which the voting
rights and/or the
financial instruments are effectively held starting with the
ultimate controlling natural person or legal entity (xiv) (please
add additional rows as necessary)
Name (xv) % of voting rights % of voting rights Total of both
if it equals or through financial if it equals
is higher than the instruments if it or is higher
notifiable threshold equals or is higher than the notifiable
than the notifiable threshold
threshold
---------------------------------------- --------------------------------- -------------------------
N/A
---------------------------------------- --------------------------------- -------------------------
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 information (xvi)
Place of completion LON
Date of completion 19/12/2023
-----------
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END
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