TSG Trans-siberian Gold Plc

TIDMTSG

RNS Number : 2401V

Trans-Siberian Gold PLC

02 December 2019

2 December 2019

Trans-Siberian Gold plc

("TSG" or the "Company")

Significant Shareholders' Holdings - UFG Asset Management

Trans-Siberian Gold plc (TSG.LN), a low cost, high grade gold producer in Russia, has been notified by UFG Asset Management ("UFG") of its interests in the Company's ordinary shares.

UFG is an established multi-asset investment manager and long-term majority shareholder of TSG. UFG's interests in the Company's issued share capital are held through various funds and connected entities and individuals, as set out below.

 
 
             Holder                Number of Ordinary     Percentage of Total 
                                         Shares              Voting Rights 
------------------------------  ---------------------  ---------------------- 
 UFG Private Equity Fund 
  I, L.P.                             7,876,388                 9.0% 
 UFG Special Situations 
  Fund L.P                            26,011,017                29.8% 
 Destin Investment Management 
  Ltd                                 3,688,873                 4.2% 
 UFG Investment Company 
  I Limited                           10,716,977                12.3% 
 Mr. Charles Ryan (1)                 7,224,147                 8.3% 
 Mr. Florian Fenner (2)               3,430,528                 3.9% 
 Petrovka GmbH (2)                    1,715,264                 2.0% 
 Mr. Vadim Ognestsikov                1,766,449                 2.0% 
 UFG Russia Select Master 
  Ltd                                 1,260,985                 1.4% 
 Mr. Robert Sasson                    1,109,278                 1.3% 
 Mr. Adrian Parkinson                  782,803                  0.9% 
 Total                                65,582,709                75.2% 
 
 

Notes:

(1) Ryan Lambert Family LLC holds an additional 1,147,841 ordinary shares of which Mr. Ryan's children are potential beneficiaries. Mr Ryan does not directly control or manage Ryan Lambert Family LLC.

(2) Petrovka GmbH is 100% owned by Mr Fenner. Mr Fenner is also a director and substantial shareholder of KST Beteiligungs AG which holds 4,721,403 ordinary shares.

All of the holdings set out above are regarded as "not in public hands" for the purposes of AIM Rule 26. Updated information required by AIM Rule 26 is available from the Company's website: www.trans-siberiangold.com

TSG currently has 87,158,508 ordinary shares in issue and holds 22,894,565 ordinary shares in treasury.

ENDS

 
 Contacts: 
 TSG 
  Stewart Dickson                                  +44 (0) 7799 694195 
 Arden Partners plc 
  Paul Shackleton (Corporate Finance) 
  Tim Dainton / Fraser Marshall (Equity Sales)    +44 (0) 207 614 5900 
 Hudson Sandler (Financial PR) 
  Charlie Jack / Katerina Parker/ Elfreda 
  Kent                                            +44 (0) 207 796 4133 
 

About TSG

TSG is focused on low cost, high grade mining operations and stable gold production from its 100% owned Asacha Gold Mine in Far East Russia. The Company also holds the licence for the development and exploration of the Rodnikova deposit, one of the largest gold fields in South Kamchatka.

Additional information is available from the Company's website: www.trans-siberiangold.com

Market Abuse Regulations

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 ('MAR'). Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.

Disclaimer

This announcement contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets, fluctuations in interest and/or exchange rates and metal prices; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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December 02, 2019 02:00 ET (07:00 GMT)

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