TIDMORR

RNS Number : 4542A

Oriole Resources PLC

21 January 2020

Oriole Resources PLC

('Oriole' or 'the Company')

Holding(s) in Company

Oriole Resources PLC, the AIM-quoted exploration company focussed on West Africa, has received the below notification from Trinvest AB, confirming that it now holds 37,050,000 ordinary shares in the Company, representing 5.28% of the issued share capital.

**S **

For further information please visit www.orioleresources.com, @OrioleResources on Twitter,

or contact:

 
 Oriole Resources PLC                  Tel: +44 (0)20 7830 9650 
  Tim Livesey / Bob Smeeton / Claire 
  Bay 
 Blytheweigh (IR/PR contact)           Tel: +44 (0)20 7138 3204 
  Tim Blythe / Megan Ray / Rachael 
  Brooks 
 Grant Thornton UK LLP                 Tel: +44 (0)20 7383 5100 
  Samantha Harrison / Ben Roberts 
  / Niall McDonald 
 WH Ireland                            Tel: +44 (0)20 7220 1666 
  Adrian Hadden / Darshan Patel / 
  Lydia Zychowska 
 

Notes to Editors:

Oriole Resources PLC is an AIM-listed exploration company, operating West Africa. It is focused on early-stage exploration in Cameroon (Bibemi and Wapouzé projects) and the more advanced Dalafin gold project in Senegal, where IAMGOLD has the option to spend US$8m to earn a 70% interest. Year 1 commitments have been met at all three projects. The Company has several interests and royalties in companies operating throughout Africa and Turkey that could deliver future cash flow, and it continues to assess new opportunities in both regions.

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                                     Oriole Resources PLC 
  underlying issuer of existing shares 
  to which voting rights are attached(ii) 
  : 
                                                             ---------------------------------------- 
 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                                                        X 
 
 An acquisition or disposal of financial instruments 
 
 An event changing the breakdown of voting rights 
 
 Other (please specify)(iii) : 
 
 3. Details of person subject to the notification obligation(iv) 
 Name                                                         Karl-Erik von Bahr 
 City and country of registered office 
  (if applicable) 
 4. Full name of shareholder(s) (if different from 3.)(v) 
 Name                                                         Trinvest AB 
                                                             ---------------------------------------- 
 City and country of registered office                        Stockholm, Sweden 
  (if applicable) 
                                                             ---------------------------------------- 
 5. Date on which the threshold was                           17/01/2020 
  crossed or reached(vi) : 
                                                             ---------------------------------------- 
 6. Date on which issuer notified (DD/MM/YYYY):               21/01/2020 
                                                             ---------------------------------------- 
 7. Total positions of person(s) subject to the notification obligation 
                              % of voting       % of voting rights    Total of both   Total number 
                            rights attached      through financial      in % (8.A      of voting 
                            to shares (total        instruments           + 8.B)       rights of 
                                of 8. A)           (total of 8.B                       issuer(vii) 
                                                    1 + 8.B 2) 
                          ------------------  ---------------------  --------------  ---------------- 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached                           5.28%                      0           5.28%       701,801,276 
                          ------------------  ---------------------  --------------  ---------------- 
 Position of 
  previous notification 
  (if applicable)                      4.10%                                  4.10% 
                          ------------------  ---------------------  --------------  ---------------- 
 
 
 
 8. Notified details of the resulting situation on the date on which 
  the threshold was crossed or reached(viii) 
 A: Voting rights attached to shares 
 Class/type of        Number of voting rights(ix)                                         % of voting rights 
  shares 
  ISIN code (if 
  possible) 
                                 Direct                           Indirect                         Direct                Indirect 
                           (Art 9 of Directive              (Art 10 of Directive             (Art 9 of Directive          (Art 10 
                              2004/109/EC)                      2004/109/EC)                2004/109/EC) (DTR5.1)       of Directive 
                                (DTR5.1)                         (DTR5.2.1)                                             2004/109/EC) 
                                                                                                                         (DTR5.2.1) 
                                                    ----------------------------------- 
 GB00B0T29327                  37,050,000            0                                                       5.28%   0 
                     -----------------------------  -----------------------------------  -------------------------  ------------------ 
 
 
 SUBTOTAL 8. A                                   37,050,000                                                  5.28% 
                     ------------------------------------------------------------------  --------------------------------------------- 
 
 B 1: Financial Instruments according to Art. 13(1)(a) of Directive 
  2004/109/EC (DTR5.3.1.1 (a)) 
 Type of financial    Expiration         Exercise/                               Number of voting                    % of voting 
  instrument           date(x)            Conversion Period(xi)                   rights that may                     rights 
                                                                                  be acquired if 
                                                                                  the instrument 
                                                                                  is 
                                                                                  exercised/converted. 
                     -----------------  --------------------------------------  ----------------------------------  ------------------ 
 
 
 
                                         SUBTOTAL 8. B 1 
                                        --------------------------------------  ----------------------------------  ------------------ 
 
 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       Expiration                Exercise/                Physical or                   Number of            % of voting 
 financial      date(x)                   Conversion               cash                          voting rights        rights 
 instrument                               Period (xi)              settlement(xii) 
              ------------------------  -----------------------  ----------------------------  ------------------- 
 
 
                                                                  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                                                                    x 
  by any natural person or legal entity and does not control any 
  other undertaking(s) holding directly or indirectly an interest 
  in the (underlying) 
  issuer(xiii) 
 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 
  entity(xiv) (please add additional rows as necessary) 
           Name(xv)                         % of voting rights                    % of voting rights               Total of both 
                                              if it equals or                      through financial                if it equals 
                                            is higher than the                     instruments if it                or is higher 
                                           notifiable threshold                   equals or is higher            than the notifiable 
                                                                                  than the notifiable                 threshold 
                                                                                       threshold 
                                -----------------------------------------  --------------------------------  ------------------------- 
 Trinvest AB                                                        5.28%                                                        5.28% 
                                -----------------------------------------  --------------------------------  ------------------------- 
 
 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 information(xvi) 
 
 
 
 
 Place of completion   Stockholm, Sweden 
 Date of completion    21/01/2020 
                      ------------------ 
 

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END

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January 21, 2020 04:54 ET (09:54 GMT)

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