KODAL MINERALS PLC

Major Shareholding Notification • Feb 21, 2017

National Storage Mechanism | Additional information

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RNS Number : 4629X

Kodal Minerals PLC

21 February 2017

Kodal Minerals Plc / Index: AIM / Epic: KOD / Sector: Mining

21 February 2017 

Kodal Minerals plc

('Kodal Minerals' or 'the Company')

Holdings in the Company

Kodal Minerals, the mineral exploration and development company focussed on West Africa, was informed by Mr. David Steinepreis on 20 February 2017 that, save for his interest in Pelamis Investments Limited as set out below, he and his associates no longer have any interest in ordinary shares of 0.03125 pence each in Kodal Minerals ("Ordinary Shares").

Pelamis Investments Limited (of which Mr Steinepreis is a shareholder and director) has today informed the Company of a change in its interest in Ordinary Shares, details of which can be found below.

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: ii			Kodal Minerals 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: iii		Pelamis Investments Limited
4. Full name of shareholder(s) (if different from 3.):iv
5. Date of the transaction and date on which the threshold is crossed or reached: v		20th February 2017
6. Date on which issuer notified:		21st February 2017
7. Threshold(s) that is/are crossed or reached: vi, vii		10.43%

8. Notified details:
A: Voting rights attached to shares viii, ix
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 x
Direct		Direct xi		Indirect xii	Direct			Indirect
GB00BH3X7Y70	644,575,760			644,575,760			544,575,760		544,575,760			10.43%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument			Expiration date xiii		Exercise/ Conversion Period xiv					Number of voting rights that may be acquired if the instrument is exercised/ converted.				% of voting rights
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial instrument		Exercise price		Expiration date xvii		Exercise/ Conversion period xviii			Number of voting rights instrument refers to				% of voting rights xix, xx
													Nominal			Delta
Total (A+B+C)
Number of voting rights								Percentage of voting rights
544,575,760								10.43%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
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:	Linda Dowding
15. Contact telephone number:	01481 720581

**ENDS**

For further information, please visit www.kodalminerals.com or contact the following:

Kodal Minerals plc Bernard Aylward, CEO	Tel: +61 418 943 345
Allenby Capital Limited, Nominated Adviser Jeremy Porter/Nick Harriss	Tel: 020 3328 5656
SP Angel Corporate Finance LLP, Financial Adviser & Broker John Mackay/Laura Harrison	Tel: 020 3470 0470
St Brides Partners Ltd, Financial PR Susie Geliher/Lottie Brocklehurst/Megan Dennison	Tel: 020 7236 1177

This information is provided by RNS

The company news service from the London Stock Exchange

END

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