TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
ECR Minerals plc
For filings with the FSA include the annex
For filings with issuer exclude the annex
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 | ECR MINERALS PLC
(ISIN: GB00B0P4LQ95) | ||||||||
| 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 | CITY NATURAL RESOURCES HIGH YIELD TRUST PLC | ||||||||
| 4. Full name of shareholder(s) (if different from 3.):iv | AS ABOVE | ||||||||
| 5. Date of the transaction and date on which the threshold is crossed or reached: v | 12th SEPTEMBER 2014 | ||||||||
| 6. Date on which issuer notified: | 15th SEPTEMBER 2014 | ||||||||
| 7. Threshold(s) that is/are crossed or reached: vi, vii | 9% | ||||||||
| 8. Notified details: | |||||||||||||||||||||||||||||
| A: Voting rights attached to shares viii, ix | |||||||||||||||||||||||||||||
| Class/type of shares if possible using | 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 | |||||||||||||||||||||||||
Ordinary Shares GB00B0P4LQ95 | 300,109,590 | 9.20% | 292,109,590 | 292,109,590 | 8.96% | ||||||||||||||||||||||||
| 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 | ||||||||||||||||||||||||
| Total (A+B+C) | |||||||||||||||||||||||||||||
| Number of voting rights | Percentage of voting rights | ||||||||||||||||||||||||||||
| 292,109,590 | 8.96% | ||||||||||||||||||||||||||||
| 9. Chain of controlled undertakings through which the voting
rights and/or the financial instruments are effectively held, if applicable: xxi | |||||
N/A | |||||
| Proxy Voting: | |||||
| 10. Name of the proxy holder: | N/A | ||||
| 11. Number of voting rights proxy holder will cease to hold: | N/A | ||||
| 12. Date on which proxy holder will cease to hold voting rights: | N/A | ||||
| 13. Additional information: | Compliance Manager, CQS Asset Management Limited | ||||
| 14. Contact name: | Colin Woods | ||||
| 15. Contact telephone number: | 0207 201 6900 | ||||