TIDMCEY

RNS Number : 0185B

Centamin PLC

13 June 2016

 
 For immediate release   13 June 2016 
 

Centamin plc ("Centamin" or the "Company")

(LSE:CEY, TSX:CEE)

Director Disposal of Shares

Centamin announces the following disposal of ordinary shares in the Company pursuant to DTR 3.1.2R:

Mr Josef El-Raghy, Chairman of the Company, disposed of 5,000,000 ordinary shares in the Company between 8 June 2016 and 10 June 2016 at an average price of GBP1.11 per share. The notification relates to Nordana Pty Ltd, a fund connected to Mr Josef El-Raghy. The transactions occurred on the London Stock Exchange.

Following these transactions, Mr Josef El-Raghy's holdings and those of his connected persons in the share capital of the Company are as follows:

Registered Holder Number of ordinary shares

   Nordana Pty Ltd <Super Fund A/C>                                                        0 

El-Raghy Kriewaldt Pty Ltd 52,549,372

   S & M El-Raghy <The El-Raghy Family Account>                                  350,000 
   Montana Realty Pty Ltd <Super Fund A/C>                                          950,000 

The total number of fully paid ordinary shares in which Josef El-Raghy and his connected persons have a

beneficial interest is 53,849,372 representing 4.67% of the issued ordinary share capital of the Company. This announcement contains the information required under DTR 5.1.2.

 
 
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
----------------------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or the underlying                                    Centamin PLC 
  issuer 
  of existing shares to which voting rights 
  are 
  attached: (ii) 
-----------------------------------------------------------------------------  ---------------------------------- 
 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                                   S 
  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 rights                                                .. 
---------------------------------------------------------------------------------  ------------------------------ 
 Other (please                                                                                   .. 
  specify): 
-----------------------------------------------------------------------  --------  ------------------------------ 
 3. Full name of person(s) subject                                                     Josef El-Raghy 
  to the 
  notification obligation: 
-------------------------------------------------------------------------  -------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.): 
-------------------------------------------------------------------------  -------------------------------------- 
 5. Date of the transaction and date                                            8 June, 2016 to 10 June, 2016 
  on 
  which the threshold is crossed 
  or 
  reached: 
-------------------------------------------------------------------------  -------------------------------------- 
 6. Date on which issuer notified:                                                      13 June, 2016 
-------------------------------------------------------------------------  -------------------------------------- 
 7. Threshold(s) that is/are crossed                                                      Below 5% 
  or 
  reached: 
-------------------------------------------------------------------------  -------------------------------------- 
 
 
 
 8. Notified details: 
---------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
---------------------------------------------------------------------------------------------------------------------- 
 Class/type     Situation previous                  Resulting situation after the triggering 
  of             to the triggering                   transaction 
  shares         transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
-------------  ----------------------------------  ------------------------------------------------------------------- 
                Number            Number            Number          Number of voting        % of voting rights 
                 of                of                of shares       rights 
                 Shares            Voting 
                                   Rights 
-------------  ----------------  ----------------  --------------  ----------------------  --------------------------- 
                                                    Direct          Direct     Indirect     Direct        Indirect 
-------------      ------------    ------------    --------------  ---------  -----------  ------------  ------------- 
 JE00B5TT1872   58,849,372        58,849,372        N/A             N/A        53,849,372   N/A           4.67% 
               ----------------  ----------------  --------------  ---------  -----------  ------------  ------------- 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration      Exercise/                         Number of voting          % of voting 
 financial           date            Conversion Period                 rights that may           rights 
 instrument                                                            be 
                                                                       acquired if the 
                                                                       instrument is 
                                                                       exercised/ converted. 
-----------------  --------------  --------------------------------  ------------------------  ----------------------- 
 
 
 C: Financial Instruments with similar economic effect to Qualifying Financial 
  Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of          Exercise        Expiration      Exercise/         Number of voting          % of voting rights 
 financial         price          date            Conversion         rights instrument 
 instrument                                       period             refers to 
---------------  --------------  --------------  ----------------  ------------------------  ------------------------- 
                                                                                              Nominal       Delta 
---------------  --------------  --------------  ----------------  ------------------------  ------------  ----------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                              Percentage of voting rights 
---------------------------------------------------  ----------------------------------------------------------------- 
 53,849,372                                           4.67% 
---------------------------------------------------  ----------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: 
-------------------------------------------------------------------------------------------------- 
 
   Registered Holder Number of ordinary shares 
   Nordana Pty Ltd <Super Fund A/C> 0 
   El-Raghy Kriewaldt Pty Ltd 52,549,372 
   S & M El-Raghy <The El-Raghy Family Account> 350,000 
   Montana Realty Pty Ltd <Super Fund A/C> 950,000 
 
 Proxy Voting: 
-------------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder: 
----------------------------------------------------------------------------  -------------------- 
 11. Number of voting rights proxy holder will 
  cease 
  to hold: 
----------------------------------------------------------------------------  -------------------- 
 12. Date on which proxy holder will cease to 
  hold 
  voting rights: 
----------------------------------------------------------------------------  -------------------- 
 
 
  13. Additional information: 
----------------------------------------------------------------------------  -------------------- 
 14. Contact name:                                                             Centamin plc 
----------------------------------------------------------------------------  -------------------- 
 15. Contact telephone number:                                                 +44 (0) 1534 828708 
----------------------------------------------------------------------------  -------------------- 
 
 

For more information please contact:

 
 Centamin plc                                 Buchanan 
  Josef El-Raghy, Chairman                     Bobby Morse 
  Andy Davidson, Head of Investor Relations    + 44 (0) 20 7466 5000 
  (andy.davidson@centamin.je) 
  +44 (0) 1534 828708 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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