TIDMSTG
RNS Number : 0202D
Stellar Resources PLC
23 October 2015
23 October 2015
Stellar Resources plc
("Stellar Resources" or the "Company")
Admission of ordinary shares to the ISDX Growth Market
The Company announces that, with effect from 8:00 a.m. today,
the Company's ordinary shares will commence trading on the ISDX
Growth Market under the ticker STG.
The Company's ordinary shares continue to be traded on AIM.
For further information please visit www.stellar-resources.com
or contact the following:
Donald Strang / Stellar Resources +44 (0) 20
Emma Priestley plc 7440 0640
James Caithie / Cairn Financial Advisers +44 (0) 20
Sandy Jamieson LLP 7148 7900
Company Information
Stellar Resources is an investment company which is admitted to
trading on AIM, focussed on the natural resources sector. The
Company aims to provide a superior return by investing in
exploration, development and production assets in the minerals
and/or hydrocarbons sector.
In December 2011 the Company acquired a 49% stake in Gold Mines
of Wales Ltd, holders of a license to explore 120 square kilometres
of the Dolgellau Gold belt in North Wales. It also has a 10%
investment in Horse Hill Developments Ltd, the 65% owners and
operators of UK onshore exploration licenses PEDL 137 and PEDL 146
(known as Horse Hill).
Directors
The full names of the Directors of the Company and positions are
as follows:
Donald Ian George Layman Strang, Chairman
Mr. Strang is a member of the Australian Institute of Chartered
Accountants and has been in business over 20 years, holding senior
financial and management positions in both publicly listed and
private enterprises in Australia, Europe and Africa. Mr. Strang has
considerable corporate and international expertise and over the
past decade has focussed on mining and exploration activities. Mr
Strang is a member of both the Audit and Remuneration
committees.
Emma Kinder Priestley, Executive Director
Miss Priestley was previously an executive director of Lonrho
Plc after working in investment banking for 5 years following a
career as a mining engineer. She has a background in mining and
financial services having worked with consultants GVA Grimley, IMC
Mackay & Schnellmann, investment bank CSFB, advisers VSA
Resources and, most recently, Ambrian Partners, where she worked as
corporate broker and adviser. Emma is a graduate of Camborne School
of Mines, is a chartered Mining Engineer and Chartered Mineral
Surveyor.
Sector Classification
Stellar Resources will be classified as a financial services
company on ISDX.
Significant Shareholdings
Shareholder Number of Ordinary Percentage of
Shares held Issued Share Capital
----------------------- ------------------- ----------------------
JIM Nominees Ltd 98,487,697 12.92%
----------------------- ------------------- ----------------------
TD Direct Investing
Nominees (Europe)
Ltd 58,712,850 7.70%
----------------------- ------------------- ----------------------
Barclayshare Nominees
Ltd 56,715,160 7.44%
----------------------- ------------------- ----------------------
HSDL Nominees
Ltd 44,755,830 5.87%
----------------------- ------------------- ----------------------
Hargreaves Lansdown
(Nominees) Ltd
(15942) 40,252,820 5.28%
----------------------- ------------------- ----------------------
Investor Nominees
Ltd 30,642,842 4.02%
----------------------- ------------------- ----------------------
Hargreaves Lansdown
(Nominees) Ltd
(HLNOM) 29,263,077 3.84%
----------------------- ------------------- ----------------------
Lawshare Nominees
Ltd 28,775,388 3.77%
----------------------- ------------------- ----------------------
Mrs V Maslennikova 26,422,000 3.46%
----------------------- ------------------- ----------------------
Hargreaves Lansdown
(Nominees) Ltd
(VRA) 25,500,944 3.34%
----------------------- ------------------- ----------------------
HSBC Client Holdings
Nominee (UK) Ltd 25,028,972 3.28%
----------------------- ------------------- ----------------------
The percentage of securities in public hands is 54%. There are
no restrictions on the transfer of Stellar Resources'
securities.
Further Information
Stellar Resources was admitted to trading on AIM on 12 December
2000 as CSS Stellar plc ("CSS"); a copy of the admission document
dated 12 December 2000 is available on the Company's website,
www.stellar-resources.com. The Company subsequently changed its
name and the nature of its operations on 20 April 2012. Prior to
the name change, CSS operated within the media sector.
The Company will remain admitted to trading on AIM following
admission to ISDX. Its ordinary shares are eligible for CREST
settlement.
The Company is subject to the UK City Code on Takeovers and
Mergers.
Donald Strang, Chairman, commented: "We are seeking admission to
ISDX as a means of further increasing liquidity and trading options
for our shareholders and creating an additional platform on which
to promote the Company's growth".
The directors of Stellar Resources accept responsibility for
this announcement.
COMPANY CONTACT DETAILS:
Stellar Resources plc
Suite 3B Princes House
38 Jermyn Street
London
SW1Y 6DN
Telephone +44 (0)20 7440 0640
www.stellar-resources.com
CORPORATE ADVISER AND CONTACT DETAILS:
Cairn Financial Advisers LLP,
61 Cheapside,
London
EC2V 6AX
James Caithie / Sandy Jamieson / Richard Nash
Telephone: +44 (0)20 7148 7900
www.cairnfin.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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