XTRACT RESOURCES PLC - Major Shareholding Notification 2016

National Storage Mechanism | Additional information

RNS Number : 3558R

Xtract Resources plc

08 December 2016

For immediate release 8 December 2016

Xtract Resources Plc

("Xtract" or the "Company")

Holdings in Company

The Board of Xtract announces that the Company has received the following TR-1 notification which is set out below without amendment.

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi



1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii		Xtract 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: iii	1Yorkville Advisors Global, LLC 2 Yorkville Advisors Global, LP 3 YA II EQ, Ltd.
4. Full name of shareholder(s) (if different from 3.):iv	Jarvis Investment Management Ltd (Registered Holder)
5. Date of the transaction and date on which the threshold is crossed or reached: v	December 05 , 2016
6. Date on which issuer notified:	December 07, 2016
7. Threshold(s) that is/are crossed or reached: vi, vii	17.00 %


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
Ordinary Shares	3,148,333,333			3,148,333,333			2,973,333,333		2,973,333,333			16.26%


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
2,973,333,333								16.26%


9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
Yorkville Advisors Global, LLC is the general partner, and controlling person, of Yorkville Advisors Global, LP, which is the investment manager of YA II EQ, Ltd. Cuart Investments Limited holds a 50% participation interest in all securities.

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:	Troy Rillo
15. Contact telephone number:	001.908.906.5127

Enquiries:


Xtract Resources Plc	Colin Bird, Executive Chairman	+44 (0)20 3416 6471
Beaumont Cornish	Michael Cornish Felicity Geidt	+44 (0)207628 3369
	Email: [email protected]
Beaufort Securities	Jon Belliss	+44 (0)207 382 8300

This information is provided by RNS

The company news service from the London Stock Exchange

END

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