SOURCE: Serabi Mining plc

Serabi Mining plc

April 11, 2011 02:00 ET

Serabi Mining plc -- Holdings in Company

LONDON--(Marketwire - Apr 11, 2011) - Serabi Mining plc (AIM: SRB) (TSX: SBI) (TSX: SBI.WT)

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:iiSerabi Mining 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 rightsX
Other (please specify):
3. Full name of person(s) subject to the notification obligation:iiiChristopher Kingsman
4. Full name of shareholder(s) (if different from 3.):ivGreenwood Investments Ltd
5. Date of the transaction and date on which the threshold is crossed or reached:v1 April 2011
6. Date on which issuer notified:5 April 2011
7. Threshold(s) that is/are crossed or reached:vi, viipreviously 20.10%
8. Notified details:
A: Voting rights attached to sharesviii, ix
Class/type of sharesSituation previous to the triggering transactionResulting situation after the triggering transaction
Number of SharesNumber of Voting RightsNumber of sharesNumber of voting rights% of voting rightsx
if possible using the ISIN CODEDirectDirectxiIndirectxiiDirectIndirect
GB00B4T0YL7710,000,00010,000,00010,000,00015.63%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrumentExpiration datexiiiExercise/ Conversion PeriodxivNumber 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 Instrumentsxv, xvi
Resulting situation after the triggering transaction
Type of financial instrumentExercise priceExpiration datexviiExercise/ Conversion periodxviiiNumber of voting rights instrument refers to% of voting rightsxix, xx
Convertible loan note15p31 Oct 2014immediate2,000,000NominalDelta
3.13%90%
Warrants (GB00B4KL4207)CAD 0.752 Dec 2012immediate500,000Nominal
Delta
0.78%30%
Total (A+B+C)
Number of voting rightsPercentage of voting rights
12,500,00019.26%
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:xxi

Christopher Kingsman is the controlling shareholder of Greenwood Investments Ltd
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease tohold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:
14. Contact name: Christopher Kingsman
15. Contact telephone number: 020 3287 2323

Contact Information

  • Contact:
    Christopher Kingsman
    020 3287 2323