Holding(s) in Company
October 31 2005 - 11:58AM
UK Regulatory
31 October 2005
SHARE SALES BY MAJOR SHAREHOLDERS
OF NELSON RESOURCES LIMITED
The following announcement is required by AIM and London Stock Exchange
requirements and contains information largely disclosed in previous
announcements by the respective parties and in previous filings by Nelson
Resources.
Nelson Resources Limited (the "Company"), as previously announced on October
19, 2005, received notification on October 14, 2005 of the acquisition of
566,393,162 of the Company's common shares of USD$0.01 ("Common Shares"),
representing 64.96% of the issued and outstanding Common Shares, by LUKOIL
Overseas Holding Ltd. ("Lukoil"), from the Company's four principal
shareholders.
Central Asian Industrial Holdings N.V. ("CAIH") notified via public
announcement on October 14, 2005 that it has sold 172,501,884 Common Shares to
Lukoil for aggregate consideration of U.S.$378,058,579, or U.S.$2.19162 per
share, representing 19.78% of the issued and outstanding Common Shares. Askar
Alshinbaev, a director of the Company, owns 12.5% of the ultimate holding
company of CAIH. Following the transaction, the sole remaining interest in the
Company of CAIH and its affiliates is the options, held by Mr. Alshinbaev, to
acquire 1,000,000 Common Shares, which, if exercised, would result in CAIH and
its affiliates owning less than 1% of the Company's outstanding Common Shares.
Energy Investments International Ltd ("EII") notified via public announcement
on October 14, 2005 that it has sold 171,343,328 Common Shares to Lukoil for
aggregate consideration of U.S.$375,519,465, or U.S.$2.19162 per share,
representing 19.65% of the issued and outstanding Common Shares. Mirbulat Abuov
and Arvind Tiku, both directors of the Company, own 40% and 32% respectively of
the voting shares of the holding company of EII. Following the transaction, the
sole remaining interest in the Company of EII and its affiliates is the
options, held by Mr. Abuov and Mr. Tiku, to acquire 8,000,000 Common Shares,
which, if exercised, would result in EII and its affiliates owning less than 1%
of the Company's outstanding Common Shares.
Cott Holdings Group Ltd ("Cott") notified via public announcement on October
14, 2005 that it has sold 154,208,994 Common Shares to Lukoil for aggregate
consideration of U.S.$337,967,515, or U.S.$2.19162 per share, representing
17.69% of the issued and outstanding Common Shares. Cott is wholly owned by
Baltabek Kuandykov, Nelson's President and a director of the Company. Following
the transaction, the sole remaining interest in the Company of Cott and its
affiliates is the options, held by Mr. Kuandykov, to acquire 7,250,000 Common
Shares, which, if exercised, would result in Cott and its affiliates owning
less than 1% of the Company's outstanding Common Shares.
Center Finance Corporation ("Center Finance") notified the Company on October
25, 2005 that it has sold 68,338,956 Common Shares to Lukoil on October 14,
2005 for aggregate consideration of U.S.$149,773,023, or U.S.$2.19162 per
share, representing 7.84% of the issued and outstanding Common Shares. Peter
Luis O. Gross, a director of the Company, is a representative and director of
the corporate director of Center Finance. Following the transaction, the sole
remaining interest in the Company of Center Finance and its affiliates is the
options, held by Mr. Gross, to acquire 700,000 Common Shares, which, if
exercised, would result in Center Finance and its affiliates owning less than
1% of the Company's outstanding Common Shares.
As of October 31, 2005, the Company has an issued and outstanding share capital
of 871,943,094 Common Shares.
For further information, please contact:
----------------------------------------
Fred Hodder Tel: 020 7495 8908
Nelson Resources Limited fhodder@nelsonresources.co.uk
END
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