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For further information please contact our Media Relations:

Camarco
107 Cheapside
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Tel: +44 (0) 20 3757 4980

Stratex International Plc

(“Stratex” or the "Company”)

Holding(s) in Company

 

Stratex International Plc, the AIM-quoted gold exploration and development company, has been advised that AngloGold Ashanti Holdings plc (“AGA”) has sold its entire shareholding of 53,710,219 ordinary shares of 1p each (“Ordinary Shares”) in the capital of the Company to Preston Road Limited. Accordingly, Preston Road Limited now holds 53,710,219 Ordinary Shares representing 11.49% of the issued share capital of the Company.

Further, AGA has signed an irrevocable undertaking to vote against the resolutions proposed pursuant to the shareholder requisition (see the Company’s announcement of 19 September 2017) at the Company’s upcoming general meeting on 1 November 2017. The Company has now received irrevocable commitments to vote against the resolutions from shareholders representing 110,340,470 Ordinary Shares, equivalent to 23.61% of the issued share capital of the Company.  

 

Proxy votes in respect of approximately 63% of the issued share capital of the Company have been lodged and, accordingly, shareholders attending in person or, where applicable, by corporate representative control approximately 37% of the possible votes that may be cast on a poll. The result of the general meeting is not certain at this point. The Company is aware of additional third party discussions whereby further interests in the Company's voting share capital may change hands which may affect the outcome of the general meeting.

 

** ENDS **

 

For further information please visit www.stratexinternational.com, @StratexPLC on Twitter,                 email info@stratexplc.com, or contact:

 

 

Stratex International Plc

Tel: +44 (0)20 7830 9650

Marcus Engelbrecht / Claire Bay

 

Grant Thornton UK LLP

Tel: +44 (0)20 7383 5100

Samantha Harrison / Daniel Bush

 

Hannam & Partners

Tel: +44 (0)20 7907 8500

Neil Passmore / Andrew Chubb

 

 

Camarco

Tel: +44 (0)20 3757 4980

Gordon Poole / Nick Hennis / Monique Perks

 

                                                 

           

Notes to Editors 

Since listing in 2006, Stratex has discovered more than 2.2 million ounces of gold and 7.09 million ounces of silver, as well as 186,000 tonnes of copper. The Company owns 15% of a copper-gold project at feasibility stage and an exciting exploration project in Senegal. The Company also has significant interests in Thani Stratex Resources Ltd and Tembo Gold Corp. for their exploration projects in Djibouti and Egypt, and Tanzania respectively 

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.

 

 

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