logo-loader
RNS
Karelian Diamond Resources PLC

Karelian Diamond Resources Plc - Holding(s) in Company

Karelian Diamond Resources plc

(“Karelian Diamonds” or “the Company”)

7 October 2020

Holding in the Company

Karelian Diamond Resources plc (AIM: KDR) was yesterday informed that Mr John Story’s interest in the voting rights of the Company has changed as detailed below, all of which are held through a financial instrument.  The financial instrument has been issued by SpreadEx Ltd, which holds ordinary shares of €0.00025 each, as announced on .29 September 2020

Further information:

http://www.kareliandiamondresources.com

TR-1: Standard form for notification of major holdings

   

   

   

Karelian Diamond Resources plc
Professor , Chairman +353-1-479-6180

Allenby Capital Limited (Nomad)
 /         +44-20-3328-5656

Brandon Hill Capital (Broker)
                     +44-20-3463-5000

Lothbury Financial Services
                     +44-20-3290-0707

Hall Communications
                           +353-1-660-9377Richard ConroyNick AthanasNick HarrissJonathan EvansMichael PadleyDon Hall
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the
FCA in Microsoft Word format if possible)i

1a. Identity of the issuer or the           Karelian Diamond Resources PLC
underlying issuer of existing shares to
which voting rights are attachedii:

1b. Please indicate if the issuer is a non- 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

An acquisition or disposal of financial instruments                           X

An event changing the breakdown of voting rights

Other (please specify)iii: admission of new shares from placing

3. Details of person subject to the notification obligationiv

Name                                    John Story

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      23/09/2020
crossed or reachedvi:

6. Date on which issuer notified        06/10/2020
(DD/MM/YYYY):

7. Total positions of person(s) subject to the notification obligation

                    % of voting rights % of voting rights Total of both in % Tot
                    attached to shares through financial     (8.A + 8.B)     al
                     (total of 8. A)      instruments                        num
                                       (total of 8.B 1 +                     ber
                                             8.B 2)                          of
                                                                             vot
                                                                             ing
                                                                             rig
                                                                             hts
                                                                             of
                                                                             iss
                                                                             uer
                                                                             vii

Resulting situation                    13.27%             13.27%             53,
on the date on                                                               542
which threshold was                                                          ,74
crossed or reached                                                           9

Position of                            14.00%             14.00%
previous
notification (if
applicable)UK
8. Notified details of the resulting situation on the date on which the
threshold was crossed or reachedviii

A: Voting rights attached to shares

Class/type  Number of voting rightsix          % of voting rights
of
shares             Direct           Indirect        Direct         Indirect
ISIN code    (Art 9 of Directive   (Art 10 of      (Art 9 of      (Art 10 of
(if         2004/109/EC) (DTR5.1)  Directive       Directive      Directive
possible)                         2004/109/EC)   2004/109/EC)    2004/109/EC)
                                   (DTR5.2.1)      (DTR5.1)       (DTR5.2.1)

SUBTOTAL 8.
A

B 1: Financial Instruments according to Art. 13(1)(a) of Directive
2004/109/EC (DTR5.3.1.1 (a))

Type of     Expiration Exercise/    Number of voting rights that % of voting
financial   datex      Conversion   may be acquired if the       rights
instrument             Periodxi     instrument is
                                    exercised/converted.

CFD/ Spread                         7,106,527                    13.27%
Bet

                       SUBTOTAL 8.  7,106,527                    13.27%
                       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 or  Number of voting % of voting
financial  datex       Conversion  cash         rights           rights
instrument             Period xi   settlementxii

                                   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 by any        X
natural person or legal entity and does not control any other undertaking(s)
holding directly or indirectly an interest in the (underlying) issuerxiii

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 entityxiv (please add additional rows as
necessary)

Namexv % of voting rights if it equals or     % of voting rights through     Tot
         is higher than the notifiable    financial instruments if it equals al
                   threshold               or is higher than the notifiable  of
                                                      threshold              bot
                                                                             h
                                                                             if
                                                                             it
                                                                             equ
                                                                             als
                                                                             or
                                                                             is
                                                                             hig
                                                                             her
                                                                             tha
                                                                             n
                                                                             the
                                                                             not
                                                                             ifi
                                                                             abl
                                                                             e
                                                                             thr
                                                                             esh
                                                                             old

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 informationxvi
Place of completion 

Date of completionUK06/10/2020
NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of...

FOR OUR FULL DISCLAIMER CLICK HERE

20 min read