Altyn PLC Change in substantial shareholdings (1280C)
January 17 2018 - 5:10AM
UK Regulatory
TIDMALTN
RNS Number : 1280C
Altyn PLC
17 January 2018
17 January 2018
Altyn Plc
("Altyn" or the "Company")
Change in substantial shareholdings
African Resources Limited, who is the majority shareholder
owning 1,440,076,040 shares, comprising 61.69% of the issued share
capital of the Company has purchased 117,730,632 shares from the
shareholders of Blackwill Trade Limited at a price of GBP0.03 per
share.
This is at a substantial premium of over 200% above the current
share price.
Details of the Directors in the Company who have an interest in
African Resources Limited, can be found in the notification of
dealing form which can be found below.
This will increase the shareholding of African Resources Limited
to 1,557,806,672 shares representing 66.73% of the issued share
capital.
Aidar Assaubayev, CEO of Altyn Plc commented:
"The purchase of the share capital of Blackwill Trade Limited by
the majority shareholder demonstrates their commitment to the
Company and their strong belief in the potential returns to be
achieved in the future".
Further Information:
For further information please contact:
Altyn Plc
Rajinder Basra +44 (0) 20 7932 2456
VSA Capital Limited
Andrew Monk/Andrew Raca +44 (0) 20 3005 5000
Blytheweigh (Financial PR)
Tim Blythe/Camilla Horsfall +44 (0) 20 7138 3204
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014.
Information on the Company
Altyn Plc (LSE:ALTN) is an exploration and development company,
which is listed on the standard segment of the London Stock
Exchange.
To read more about Altyn Plc please visit our website
www.altyn.uk
1 Details of persons discharging managerial responsibilities/person
closely associated
--- --------------------------------------------------------------------
a) Names Kanat Assaubayev
Aidar Assaubayev
Sanzhar Assaubayev
--- --------------------------------------------- ---------------------
2 Reasons for the notification
--- --------------------------------------------- ---------------------
a) Position/status Kanat Assaubayev
(Executive
Chairman)
Aidar Assaubayev
(Chief Executive)
Sanzhar Assaubayev
(Executive
Director)
--- --------------------------------------------- ---------------------
b) Initial notification/amendment Initial notification
--- --------------------------------------------- ---------------------
3 Details of issuer
--- --------------------------------------------- ---------------------
a) Name Altyn Plc
--- --------------------------------------------- ---------------------
b) LEI 213800MELPBPHIR1PO04
--- --------------------------------------------- ---------------------
4 Details of transaction(s): section to be
repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; (iv) each place where transactions
have been conducted
--- --------------------------------------------- ---------------------
a) Description of the financial instrument, Ordinary Shares
type of instrument of 1p each
Identification code GB00B015PT76
--- --------------------------------------------- ---------------------
b) Nature of transaction African Resources
Limited
Purchased
117,730,632
Ordinary shares
--- --------------------------------------------- ---------------------
c) Prices(s) and Volumes(s) Prices(s)
3 pence per
ordinary share
Volumes(s)
117,730,632
ordinary shares
--- --------------------------------------------- ---------------------
d) Aggregated information N/A
* Aggregated volume and price
--- --------------------------------------------- ---------------------
e) Date of transaction 15 January
2018
--- --------------------------------------------- ---------------------
f) Place of transaction London
--- --------------------------------------------- ---------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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