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Karelian Diamond Resources Plc - Holding(s) in Company

·4-min read

Karelian Diamond Resources plc

(“Karelian Diamonds” or “the Company”)

7 October 2020

Holding in the Company

Karelian Diamond Resources plc (AIM: KDR) was yesterday informed that Mr John Story’s interest in the voting rights of the Company has changed as detailed below, all of which are held through a financial instrument. The financial instrument has been issued by SpreadEx Ltd, which holds ordinary shares of €0.00025 each, as announced on 29 September 2020.

Further information:

Karelian Diamond Resources plc
Professor Richard Conroy, Chairman


+353-1-479-6180

Allenby Capital Limited (Nomad)
Nick Athanas / Nick Harriss


+44-20-3328-5656

Brandon Hill Capital (Broker)
Jonathan Evans


+44-20-3463-5000

Lothbury Financial Services
Michael Padley


+44-20-3290-0707

Hall Communications
Don Hall


+353-1-660-9377

http://www.kareliandiamondresources.com

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the FCA in Microsoft Word format if possible)i

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:

Karelian Diamond Resources PLC

1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)

Non-UK issuer

2. Reason for the notification (please mark the appropriate box or boxes with an “X”)

An acquisition or disposal of voting rights

An acquisition or disposal of financial instruments

X

An event changing the breakdown of voting rights

Other (please specify)iii: admission of new shares from placing

3. Details of person subject to the notification obligationiv

Name

John Story

City and country of registered office (if applicable)

4. Full name of shareholder(s) (if different from 3.)v

Name

City and country of registered office (if applicable)

5. Date on which the threshold was crossed or reachedvi:

23/09/2020

6. Date on which issuer notified (DD/MM/YYYY):

06/10/2020

7. Total positions of person(s) subject to the notification obligation

% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuervii

Resulting situation on the date on which threshold was crossed or reached

13.27%

13.27%

53,542,749

Position of previous notification (if
applicable)

14.00%

14.00%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii

A: Voting rights attached to shares

Class/type of
shares

ISIN code (if possible)

Number of voting rightsix

% of voting rights

Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

SUBTOTAL 8. A

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Number of voting rights that may be acquired if the instrument is
exercised/converted.

% of voting rights

CFD/ Spread Bet

7,106,527

13.27%

SUBTOTAL 8. B 1

7,106,527

13.27%

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

Type of financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Physical or cash
settlementxii

Number of voting rights

% of voting rights

SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the
applicable box with an “X”)

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii

X

Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)

Namexv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

10. In case of proxy voting, please identify:

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional informationxvi

Place of completion

UK

Date of completion

06/10/2020