19 May 2010 14:18
For immediate release
19 May 2010
NIGER URANIUM LIMITED
("Niger Uranium" or "the Company")
Holding(s) in Company
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TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi | |||||
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1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii | NIGER URANIUM LIMITED | ||||
2 Reason for the notification (please tick the appropriate box or boxes): | |||||
An acquisition or disposal of voting rights | ü | ||||
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached |
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An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments |
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An event changing the breakdown of voting rights |
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Other (please specify): |
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3. Full name of person(s) subject to the notification obligation: iii | HARGREAVE HALE LIMITED | ||||
4. Full name of shareholder(s) (if different from 3.):iv | DISCRETIONARY CLIENTS | ||||
5. Date of the transaction and date on which the threshold is crossed or reached: v | 18 MAY 2010 | ||||
6. Date on which issuer notified: | 19 MAY 2010 | ||||
7. Threshold(s) that is/are crossed or reached: vi, vii | 12% | ||||
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 | Indirect | Direct xi | Indirect xii | Direct | Indirect | |||||||||
VGG651971084 | 13,417,000
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| 13,917,000
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| 12.2931% | ||||||
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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 | ||||||||||
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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
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| Nominal | Delta | ||||||||
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Total (A+B+C) | ||||||||||||||
Number of voting rights | Percentage of voting rights | |||||||||||||
13,917,000 | 12.2931% | |||||||||||||
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi | ||
13,475,000 of these shares are held for unit trusts operated by Marlborough Fund Managers Ltd for which Hargreave Hale Ltd manages the investments on a discretionary basis.
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Proxy Voting: | ||
10. Name of the proxy holder: |
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11. Number of voting rights proxy holder will cease to hold: |
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12. Date on which proxy holder will cease to hold voting rights: |
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13. Additional information: |
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14. Contact name: | David Clueit | |
15. Contact telephone number: | 01253 754739 | |
Contacts:
Niger Uranium Limited
Gordon Cassidy
Tel: +27 (0) 11 269 4900
Nominated Adviser
Beaumont Cornish Limited
Michael Cornish
Tel: +44 (0) 207 628 3396