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| Date/Time | Headline | Source |
|---|---|---|
| 1 | ||
| 10-11-09 | RNS |
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RNS Number : 2964C GCM Resources PLC 10 November 2009 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
of existing shares to which voting rights are
attached: ii
2 Reason for the notification (please tick the appropriate box or boxes):
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):
notification obligation: iii
(if different from 3.):iv
which the threshold is crossed or
reached: v
reached: vi, vii
8. Notified details:
A: Voting rights attached to shares viii, ix
if possible using
the ISIN CODE
COMMON STOCK
GB00B00KV284
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Total (A+B+C)
Number of voting rights Percentage of voting rights
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable: xxi
AIT Trading Limited (subsidiary) - 0.71% A combined holding of 3.19%
Proxy Voting:
to hold:
voting rights:
13. Additional information:
This information is provided by RNS The company news service from the London Stock Exchange END
HOLGUGAWGUPBGAU More |
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| 22-10-09 | RNS |
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RNS Number : 2245B GCM Resources PLC 22 October 2009 Date: 22 October 2009
GCM RESOURCES PLC (AIM: GCM) Posting of Annual Accounts and Notice of Annual General Meeting The Company has posted accounts for the year ended 30 June 2009 together with the Notice of Annual General Meeting to shareholders. Copies are available from the registered offices of the Company, Level 2, Foxglove House, 166 - 168 Piccadilly W1J 9EF or alternatively on the Company's website: www.gcmplc.com. For further information:
+44 (0) 20 7290 1630
Finance Director +44 (0) 20 7290 1630 J.P. Morgan Cazenove Nominated Adviser Michael Wentworth-Stanley Steve Baldwin +44 (0) 207 588 2828 GCM Resources plc Tel: +44 (0) 20 7 290 1630, Fax: +44 (0) 20 7290 1631 info@gcmplc.com; www.gcmplc.com This information is provided by RNS The company news service from the London Stock Exchange END
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| 25-09-09 | RNS |
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RNS Number : 6668Z GCM Resources PLC 25 September 2009 Date: 25 September 2009
GCM RESOURCES PLC (AIM: GCM) Director's Share Dealings GCM Resources plc ("the Company") has received notification that Mr Gerard Holden, (Non-executive Chairman) has today purchased 50,000 ordinary 10p shares in the Company at a price of 89p per share. For further information:
+44 (0) 20 7290 1630
Finance Director +44 (0) 20 7290 1630 J.P. Morgan Cazenove Nominated Adviser Michael Wentworth-Stanley Steve Baldwin +44 (0) 207 588 2828 GCM Resources plc Tel: +44 (0) 20 7 290 1630, Fax: +44 (0) 20 7290 1631 info@gcmplc.com; www.gcmplc.com This information is provided by RNS The company news service from the London Stock Exchange END
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| 24-09-09 | AFX UK Focus |
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LONDON, Sept 24 (Reuters) - GCM Resources PLC:
((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here)
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More |
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| 24-09-09 | RNS |
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This news article is displayed preformatted as it may contain results tables
RNS Number : 5711Z
GCM Resources PLC
24 September 2009
Date: 24 September 2009
GCM RESOURCES PLC
(AIM: GCM)
PRELIMINARY RESULTS
FOR THE YEAR ENDED 30 JUNE 2009
GCM Resources plc remains fully committed to the Phulbari Coal Project ("the Project") in Bangladesh. The Company believes it can provide the fastest, lowest risk and most reliable means of delivering the commercial energy required to bring a step-change in electricity access and availability for the people of Bangladesh.
Phulbari Project Update
The successful Parliamentary elections held in Bangladesh on 29 December 2008 brought to an end a period of almost two years during which the country was governed by Caretaker Governments under a state of emergency. These democratic elections returned a government with an overwhelming majority and which publicly recognises the importance of energy security to the future development of Bangladesh. The provision of power and energy, including the development of coal mines and coal-fired power generation, was one of the five priority issues in the manifesto of the incoming Government.
Since the election, GCM has re-engaged and promoted the Project with the new Government and their advisors as they evaluate options to address the energy and electrical power shortfall that the country is experiencing. GCM will continue to engage with the Government and other stakeholders to move the Project forward and will announce to the market any material developments of which it becomes aware.
Other Investments
GCM has investments in a number of other junior mining companies. During the 2009 financial year an interest in Polo Resources Limited was acquired for £2.8 million and joint venture activities with Aura Energy Limited in West Africa continued to be supported. In line with equity markets in general, and junior mining companies in particular, the value of listed investments has fallen from the highs experienced in mid-2008 but overall, their market value is still double the cash invested.
Through all its investments, GCM aims to help bring about further economic and social development for all stakeholders. It aims to do this in a safe and sustainable way, paying full regard to the interests and concerns of local communities and the environment in which it operates.
Financial Review
The Group made a loss of £5.7 million after tax for the twelve months to 30 June 2009 (June 2008: profit of £0.9 million). An impairment charge of £5.4 million has been incurred, predominantly in relation to some of the Group's listed equity investments. The profit for 2008 included £2.5 million profit on the deemed disposal of GCM's investment in CCEC Ltd on its takeover by Regent Pacific Group Limited.
Evaluation expenditure relating to the Phulbari Coal Project was £2.8 million for the year to 30 June 2009 (June 2008: £2.5 million).
As at 30 June 2009 GCM held cash of £1.4 million and listed equity investments of £20.2 million. The combined value of cash and listed equity investments as of 23 September 2009 was £30.0 million, equivalent to 59p per GCM share.
The Income Statements, Statement of Changes in Equity, Balance Sheet and Cash Flow are presented on the following pages.
Consolidated Income Statement for year ended 30 June
2009 2008
£000 £000
Operating expenses
Exploration costs 353 139
Administrative expenses 1,578 1,806
Operating loss (1,931) (1,945)
Exceptional items (5,563) 2,486
Finance revenue 188 742
(Loss)/profit before tax (7,306) 1,283
Taxation 1,614 (419)
(Loss)/profit for the year (5,692) 864
(Loss)/earnings per share
Basic (pence per share) (11.2)p 1.8p
Diluted (pence per share) (11.2)p 1.6p
Consolidated Statement of Changes in Equity for year ended 30 June
Share Capital Share premium Other reserves Accumulated losses Total
account
£000 £000 £000 £000 £000
Balance at 1 July 2007 4,881 42,731 4,073 (1,901) 49,784
Change in fair value of - - 31,587 - 31,587
available-for-sale financial
assets
Tax on items taken directly to - - (8,148) - (8,148)
equity
Transfer to income statement - - (2,486) - (2,486)
on disposal of
available-for-sale financial
assets
Share based payments - - 122 - 122
Profit for the financial year - - - 864 864
Equity share warrants 220 1,433 - - 1,653
exercised
Balance at 30 June 2008 5,101 44,164 25,148 (1,037) 73,376
Change in fair value of - - (26,958) - (26,958)
available-for-sale financial
assets
Available-for-sale financial - - 4,430 - 4,430
assets impaired
Tax on items taken directly to - - 6,308 - 6,308
equity
Share based payments - - 72 5 77
Loss for the financial year - - - (5,692) (5,692)
Balance at 30 June 2009 5,101 44,164 9,000 (6,724) 51,541
Consolidated Balance Sheets as at 30 June
2009 2008
£000 £000
Current assets
Cash and cash equivalents 1,355 10,047
Receivables 542 776
Total current assets 1,897 10,823
Non-current assets
Property, plant and equipment 173 241
Intangible assets 26,571 23,710
Financial assets 24,890 48,799
Total non-current assets 51,634 72,750
Total assets 53,531 83,573
Current liabilities
Payables 358 643
Total current liabilities 358 643
Non-current liabilities
Deferred tax liabilities 1,632 9,554
Total non-current liabilities 1,632 9,554
Total liabilities 1,990 10,197
Net assets 51,541 73,376
Equity
Share capital 5,101 5,101
Share premium account 44,164 44,164
Other reserves 9,000 25,148
Accumulated losses (6,724) (1,037)
Total equity 51,541 73,376
Consolidated Cash Flow Statement for year ended 30 June
2009 2008
£000 £000
Cash flows from operating activities
Loss/profit before tax (7,306) 1,283
Adjusted for:
Exceptional 5,563 (2,486)
Finance revenue (188) (742)
Other non cash expenses 21 15
(1,910) (1,930)
Movements in working capital:
(Increase) in operating receivables (290) (77)
(Decrease)/increase in operating payables (257) 211
Cash used in operations (2,457) (1,796)
Interest received 226 770
Net cash used in operating activities (2,231) (1,026)
Cash flows from investing activities
Payments for property, plant and equipment (19) (19)
Payments for intangible assets (2,745) (2,172)
Payments for investments (3,697) (5,321)
Net cash used in investing activities (6,461) (7,512)
Cash flows from financing activities
Issue of ordinary share capital - 1,653
Net cash generated by financing activities - 1,653
Total decrease in cash and cash equivalents (8,692) (6,885)
Cash and cash equivalents at the start of the year 10,047 16,932
Cash and cash equivalents at the end of the year 1,355 10,047
The audited financial information for the years ended 30 June 2009 and 30 June 2008 contained in this document do not constitute statutory accounts as defined in the Companies Act 1985. The comparative financial information is based on the statutory accounts for the financial year ended 30 June 2008. Those accounts, upon which the auditors issued an unqualified opinion with an emphasis of matter paragraph, have been delivered to the Registrar of Companies. The financial information for the year ended 30 June 2009 has been extracted from the financial statements of GCM Resources plc which will be delivered to the Registrar of Companies in due course. The auditors have issued an unqualified opinion with a similar emphasis of matter paragraph on the Group's statutory financial statements for the year ended 30 June 2009. The preliminary announcement was approved by the Board of Directors on 23 September 2009.
For further information:
GCM Resources plc Pelham
Steve Bywater Charles Vivian
Chief Executive 44 (0)207 337 1538
+44 (0) 20 7290 1630
Klara Kaczmarek
Graham Taggart +44 (0)207 337 1524
Finance Director
+44 (0) 20 7290 1630
J.P. Morgan Cazenove
Nominated Adviser
Michael Wentworth-Stanley
Steve Baldwin
+44 (0) 207 588 2828
GCM Resources plc
Tel: +44 (0) 20 7 290 1630, Fax: +44 (0) 20 7290 1631
info@gcmplc.com; www.gcmplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
FR LJMFTMMATBLL
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| 21-09-09 | RNS |
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RNS Number : 3702Z GCM Resources PLC 21 September 2009 For filings with the FSA include the annex For filings with issuer exclude the annex TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
of existing shares to which voting rights are
attached: ii
2 Reason for the notification (please tick the appropriate box or boxes):
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):
notification obligation: iii
(if different from 3.):iv
which the threshold is crossed or
reached: v
8. Notified details:
A: Voting rights attached to shares viii, ix
if possible using
the ISIN CODE
COMMON STOCK
GB00B00KV284
COMMON STOCK
GB00B00KV284
COMMON STOCK
GB00B00KV284
LCG HOLDINGS, LLC
COMMON STOCK
GB00B00KV284
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
SWAP ON COMMON STOCK
RETURN SWAP ON COMMON STOCK
RETURN SWAP ON COMMON STOCK
RETURN SWAP ON COMMON STOCK
SWAP ON COMMON STOCK
RETURN SWAP ON COMMON STOCK
RETURN SWAP ON COMMON STOCK
RETURN SWAP ON COMMON STOCK
SWAP ON COMMON STOCK
RETURN SWAP ON COMMON STOCK
RETURN SWAP ON COMMON STOCK
Total (A+B+C)
IN RESPECT OF EACH OF CHRISTIAN LEONE, LUXOR MANAGEMENT, LLC AND LUXOR CAPITAL GROUP, 16.91% LP
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi The Shares in which Christian Leone is interested are managed by the following entities each of which is controlled by Christian Leone. Luxor Management, LLC; Luxor Capital Group, LP; and LCG Holdings, LLC.
Proxy Voting:
to hold:
voting rights:
This information is provided by RNS The company news service from the London Stock Exchange END
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| 11-09-09 | RNS |
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RNS Number : 9600Y GCM Resources PLC 11 September 2009 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
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
2282 MX RIJSWIJK
THE NETHERLANDS
(if different from 3.):iv
which the threshold is crossed or
reached: v
reached: vi, vii
8. Notified details:
A: Voting rights attached to shares viii, ix
if possible using
the ISIN CODE
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Not applicable
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Total (A+B+C)
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi Stichting Pensioenfonds van de Metalektro 766418 shares Stichting Pensioenfonds Metaal en Techniek 1409692 shares Stichting Mn Services Aandelenfonds 355008 shares Stichting Mn Services Aandelenfonds III 80138 shares
Proxy Voting:
11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:
This information is provided by RNS The company news service from the London Stock Exchange END
HOLGUUGABUPBGAG More |
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| 01-09-09 | RNS |
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RNS Number : 3053Y GCM Resources PLC 01 September 2009
of existing shares to which voting rights are
attached: ii
2 Reason for the notification (please tick the appropriate box or boxes):
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):
which the threshold is crossed or
reached: v
LLC
8. Notified details:
A: Voting rights attached to shares viii, ix
if possible using
the ISIN CODE
COMMON STOCK
GB00B00KV284
COMMON STOCK
GB00B00KV284
COMMON STOCK
GB00B00KV284
LCG HOLDINGS, LLC
COMMON STOCK
GB00B00KV284
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
SWAP ON COMMON STOCK
RETURN SWAP ON COMMON STOCK
RETURN SWAP ON COMMON STOCK
RETURN SWAP ON COMMON STOCK
SWAP ON COMMON STOCK
RETURN SWAP ON COMMON STOCK
RETURN SWAP ON COMMON STOCK
RETURN SWAP ON COMMON STOCK
SWAP ON COMMON STOCK
RETURN SWAP ON COMMON STOCK
RETURN SWAP ON COMMON STOCK
Total (A+B+C)
IN RESPECT OF EACH OF CHRISTIAN LEONE, LUXOR MANAGEMENT, LLC AND LUXOR CAPITAL GROUP, 17.19% LP
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi The Shares in which Christian Leone is interested are managed by the following entities each of which is controlled by Christian Leone. Luxor Management, LLC; Luxor Capital Group, LP; and LCG Holdings, LLC.
Proxy Voting:
to hold:
voting rights:
This information is provided by RNS The company news service from the London Stock Exchange END
HOLUUUMCBUPBUBG More |
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| 25-08-09 | RNS |
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RNS Number : 9968X GCM Resources PLC 25 August 2009
of existing shares to which voting rights are
attached: ii
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
instruments
An event changing the breakdown of voting rights
notification obligation: iii
which the threshold is crossed or
reached: v
reached: vi, vii
8. Notified details:
A: Voting rights attached to shares viii, ix
if possible using
the ISIN CODE
N/A
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
N/A
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Total (A+B+C)
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi The Children's Investment Fund Management (UK) LLP has been appointed as Investment Manager for The Children's Investment Master Fund and Talos Capital Limited. Under the terms of the various investment management agreements, The Children's Investment Fund Management (UK) LLP holds the power to vote any physical shareholdings held by these clients. Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights: 13. Additional information:
This information is provided by RNS The company news service from the London Stock Exchange END
HOLPUUCCRUPBGAA More |
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| 25-08-09 | RNS |
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RNS Number : 9530X GCM Resources PLC 25 August 2009 GCM Resources plc (AIM:GCM) 25th August 2009 GCM Resources plc Appoints Mr Greg James as Non-Executive Director GCM Resources plc ('GCM') announced today that Mr Gregory James will be joining the Board of GCM as a Non-Executive Director with effect from 25 August 2009. Mr James will be a member of the Audit Committee and Chair the Remuneration Committee. Mr James was previously CEO of Central Rand Gold Limited including the period of significant growth leading up to its listing on the London Stock Exchange in November 2007. Previously he held a number of roles with Glencore including Chief Financial Officer of its Coal Division. Gerard Holden, GCM's Chairman said: "We are delighted to have a person with Greg's experience and capability join the Board. Greg has worked in the mining industry for many years and in addition to his commercial expertise Greg brings with him experience of developing comprehensive community programmes and managing relationships with a wide range of stakeholders. Greg will further enhance the capability of GCM's board." Additional information The information detailed below is disclosed in accordance with Rule 17 and Schedule Two of the AIM Rules. Except for the information disclosed below, there is no other information which falls to be disclosed under these rules. Part of Greg James's remuneration includes an amount of fees equal to the mid market trading price on the date of issue of 25,000 ordinary shares in GCM in the first year of his appointment and 15,000 shares and 10,000 shares in the second and third years of his appointment respectively. The fees will not be paid to Mr James but will be satisfied by the issue of the above shares in quarterly installments in arrears on defined dates. The Directorships and past Directorships of Mr Gregory David James (aged 45) are listed below: Current Directorships and Partnerships
Ltd
Canyon Springs Investments 184 Pezula Private Estate (Pty) Ltd
(Pty) Ltd
(Pty)
Ltd
Ltd
Ltd
(Pty) Ltd
Ltd
Evening Star Trading 825 (Pty) Western Province Professional Cricket (Pty) Ltd
Ltd
Past Directorships
(Pty) Ltd
Honovi Properties 58 (Pty) Ltd Mac Mac Building (Pty) Ltd For further information contact:
J.P. Morgan Cazenove Nominated Adviser Michael Wentworth-Stanley Mark Hankinson +44 (0) 20 7588 2828 For further information: www.gcmplc.com This information is provided by RNS The company news service from the London Stock Exchange END
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| 24-08-09 | RNS |
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RNS Number : 9214X GCM Resources PLC 24 August 2009
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
of existing shares to which voting rights are
attached: ii
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
instruments
An event changing the breakdown of voting rights
notification obligation: iii
which the threshold is crossed or
reached: v
reached: vi, vii
8. Notified details:
A: Voting rights attached to shares viii, ix
if possible using
the ISIN CODE
N/A
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
N/A
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Total (A+B+C)
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi The Children's Investment Fund Management (UK) LLP has been appointed as Investment Manager for The Children's Investment Master Fund and Talos Capital Limited. Under the terms of the various investment management agreements, The Children's Investment Fund Management (UK) LLP holds the power to vote any physical shareholdings held by these clients. Proxy Voting: 10. Name of the proxy holder: 11. Number of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights: 13. Additional information:
This information is provided by RNS The company news service from the London Stock Exchange END
HOLPUUUCRUPBGAC More |
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| 24-08-09 | RNS |
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RNS Number : 8852X GCM Resources PLC 24 August 2009 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
of existing shares to which voting rights are
attached: ii
2 Reason for the notification (please tick the appropriate box or boxes):
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):
notification obligation: iii
(if different from 3.):iv
which the threshold is crossed or
reached: v
reached: vi, vii
8. Notified details:
A: Voting rights attached to shares viii, ix
if possible using
the ISIN CODE
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Total (A+B+C)
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
N/A
Proxy Voting:
to hold:
voting rights:
This information is provided by RNS The company news service from the London Stock Exchange END
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