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Released 17:00 10-June-2015

Number 8237P

Stratex International Plc

('Stratex' or the 'Company')

Holding(s) in Company

 

Stratex International Plc, the AIM-quoted exploration and development company focused on gold and base metal in Turkey, East Africa and West Africa, has received notification from G.P. (Jersey) Limited, that it has purchased 15,100,000 ordinary shares in the Company, representing 3.2% of the issued share capital.

 

 

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi

 

 

1. Identity of the issuer or the underlying issuer
of existing shares to which voting rights are
attached:
ii

STRATEX INTERNATIONAL PLC

2 Reason for the notification (please tick the appropriate box or boxes):

An acquisition or disposal of voting rights

X

An acquisition or disposal of qualifying financial instruments 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 to the
notification obligation:
iii

Forest Nominees Limited (GC1)

4. Full name of shareholder(s)
 (if different from 3.):iv

Forest Nominees Limited (GC1) is nominee holder for G.P. (Jersey) Limited

5. Date of the transaction and date on
which the threshold is crossed or
reached:
v

June 10, 2015

6. Date on which issuer notified:

June 10, 2015

7. Threshold(s) that is/are crossed or
reached:
vi, vii

3% (THREE PERCENT)

 

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

Direct xi

Indirect xii

Direct

Indirect

COMMON

0

0

15,100,000

15,100,000

0

3.2

0

 

 

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

 

 

 

 

 

 

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

 

 

 

 

 

 

 

Nominal

Delta

 

 

 

Total (A+B+C)

Number of voting rights

Percentage of voting rights

15,100,000

3.2%

 

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
xxi

  

Forest Nominees Limited (GC1) is nominee holder for G.P. (Jersey) Limited

 

 

Proxy Voting:

10. Name of the proxy holder:

Forest Nominees Limited (GC1)

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:

Justin Jouan

15. Contact telephone number:

01534 280068

  

 

* * ENDS * *

 

For further information please visit www.stratexinternational.com, email [email protected], or contact:

                                                                                                                           

Stratex International Plc

Tel: +44 (0)20 7830 9650

Bob Foster / Christopher Hall / Claire Bay

 

Grant Thornton UK LLP

Tel: +44 (0)20 7383 5100

Philip Secrett / Melanie Frean / Jen Clarke

 

Northland Capital Partners Limited

Tel: +44 (0)20 7382 1100

Gerry Beaney / David Hignell

Abigail Wayne /John Howes (Broking)

 

SP Angel Corporate Finance LLP

Tel: +44 (0)20 3470 0500

Ewan Leggat / Tercel Moore

 

Yellow Jersey PR Limited

Tel: +44 (0)7747 788 221

Anna Legge / Dominic Barretto

               

 

Notes to Editors:

Focused on the exploration and development of gold and high-value base metals, Stratex International is active in Turkey and Senegal and has strategic interests in East Africa and Ghana. Since listing on AIM in 2006, Stratex has had an impressive track record of successful exploration supported by joint-venture partnerships, both with major international mining companies and local companies to maximise the potential of its discoveries. 

 

To date Stratex has discovered more than 2.2 million ounces of gold and 7.9 million ounces of silver, as well as 186,000 tonnes of copper. The Company is looking to completion of construction of its 45%-owned Altıntepe gold project in Turkey in 2015 and anticipates gold production before year-end. Additionally a 1% production royalty capped at US$20 million will be due from the Öksüt project, also in Turkey, with first production provisionally targeted for late-2016 by owners Centerra Gold. With its current cash position and projected cash returns, the Company is well-placed to advance its existing exploration programmes and is also actively seeking to acquire advanced projects that are at the drill-ready stage or even have identified resources.

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