HOLDINGS IN COMPANY
| 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: | ARIANA RESOURCES PLC | ||
| 2. Reason for the notification (please tick the appropriate box or boxes): | |||
| An acquisition or disposal of voting rights | x | ||
| 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 the notification obligation: | LANSTEAD CAPITAL LP | ||
| 4. Full name of shareholder(s) (if different from 3.): | |||
| 5. Date of the transaction and date on which the threshold is crossed or reached: | 30 DECEMBER 2014 | ||
| 6. Date on which issuer notified: | 31 DECEMBER 2014 | ||
| 7. Threshold(s) that is/are crossed or reached: | 16, 17, 18, 19, 20, 21, 22, 23, 24 | ||
| 8. Notified details: | ||||||||
| A: Voting rights attached to shares | ||||||||
| Class/type of shares if possible using the ISIN CODE | Situation previous to the triggering transaction | Resulting situation after the triggering transaction | ||||||
| Number of Shares | Number of Voting Rights | Number of shares | Number of voting rights | % of voting rights | ||||
| Direct | Direct | Indirect | Direct | Indirect | ||||
| GB00B085SD50 | 160,222,222 | 160,222,222 | 97,547,131 | 97,547,131 | 15.10 | |||
| B: Qualifying Financial Instruments | ||||
| Resulting situation after the triggering transaction | ||||
| Type of financial instrument | Expiration date | Exercise/ Conversion Period | Number of voting rights that may be acquired if the instrument is exercised/converted | % of voting rights |
| N/A | ||||
| C: Financial Instruments with similar economic effect to Qualifying Financial Instruments | ||||||
| Resulting situation after the triggering transaction | ||||||
| Type of financial instrument | Exercise price | Expiration date | Exercise/ Conversion period | Number of voting rights instrument refers to | % of voting rights | |
| N/A | Nominal | Delta | ||||
| Total (A+B+C) | |
| Number of voting rights | % of voting rights |
| 97,547,131 | 15.10 |
| 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: | |
| N/A | |
| 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: | |
Contacts:
| Ariana Resources plc | Tel: +44 (0) 20 7407 3616 |
| Michael de Villiers, Chairman | |
| Kerim Sener, Managing Director | |
| Beaumont Cornish Limited | Tel: +44 (0) 20 7628 3396 |
| Roland Cornish / Felicity Geidt | |
| Beaufort Securities Limited | Tel: +44 (0) 20 7382 8300 |
| Saif Janjua | |
| Loeb Aron & Company Ltd. | Tel: +44 (0) 20 7628 1128 |
| John Beresford-Peirse / Dr. Frank Lucas | |
| St Brides Media & Finance Ltd | Tel: +44 (0) 20 7236 1177 |
| Susie Geliher / Lottie Brocklehurst | |
About Ariana Resources:
Ariana is an Anglo-Turkish exploration and mine development company focused on advancing epithermal gold-silver and porphyry copper-gold deposits in Turkey. The Company is developing a portfolio of prospective licences selected on the basis of its in-house geological and remote-sensing database, on its own in western Turkey and in Joint Venture with Eldorado Gold Corporation in north-eastern Turkey. Eldorado owns 51% of this joint venture and are fully funding all exploration work on the JV properties, while Ariana owns 49%. The total resource inventory within this JV is 1.09 million ounces of gold.
The Company's flagship assets are its Kiziltepe and Tavsan gold projects that form the Red Rabbit Gold Project. Both contain a series of prospects, within two prolific mineralised districts in the Western Anatolian Volcanic and Extensional (WAVE) Province in western Turkey. This Province hosts the largest operating gold mines in Turkey and remains highly prospective for new porphyry and epithermal deposits. These core projects, which are separated by a distance of 75km, are presently being assessed as to their economic merits and now form part of a Joint Venture with Proccea Construction Co. The total resource inventory at the Red Rabbit Project stands at 475,000 ounces of gold equivalent.
Beaufort Securities Limited and Loeb Aron & Company Ltd. are joint brokers to the Company and Beaumont Cornish Limited is the Company's Nominated Adviser.
For further information on Ariana you are invited to visit the Company's website at www.arianaresources.com. The Company has recently updated its AIM Rule 26 section, including an update to its major shareholders list.
Ends