4 August 2015
AIM: AAU
HOLDINGS IN COMPANY
The Board of Ariana Resources plc announces that the Company today received the following TR-1 notification which is set out below without amendment.
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 |
| Jon Belliss | |
| Loeb Aron & Company Ltd. | Tel: +44 (0) 20 7628 1128 |
| John Beresford-Peirse / Dr. Frank Lucas | |
| St Brides Partners Limited | Tel: +44 (0) 20 7236 1177 |
| Lottie Brocklehurst/Felicity Winkles | |
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES | ||||||||||
| 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 | ||||||||||
| 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): | Dilutive offset of new issues | X | ||||||||
| 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 July 2015 | |||||||||
| 6. Date on which issuer notified: | 3 August 2015 | |||||||||
| 7. Threshold(s) that is/are crossed or reached: | 14%, 13% | |||||||||
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 | 97,547,131 | 97,547,131 | 101,097,131 | 101,097,131 | 12.60% | |||||
| 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 | Percentage of voting rights | ||||||||||
| 101,097,131 | 12.60% | ||||||||||
| 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: | ||
| 13. Additional information: | | |
| 14. Contact name: | Ed Lukins, Cooley (UK) LLP | |
| 15. Contact telephone number: | 020 7556 4261 | |