Multichannel Podcast – Brand CEO Alan Green discusses Fedr8 Green Rain with Neil Butland of Sentient Capital

Multichannel Podcast – Brand CEO Alan Green discusses Fedr8 and #GreenRain IT archaeology with Neil Butland of Sentient Capital.

Neil discusses Sentient Capital’s role in identifying high potential growth company investment opportunities for their HNW client base.

Looking at Fedr8, Neil explains how Green Rain works to analyse thousands of legacy applications, and how it saves a huge amount of time and money. He compares a typical coding task: a contractor on daily rate can take 40-50 days to complete analysis and coding requirements for a single app, in comparison to Green Rain, which takes just 24 hours and can run thousands of tasks simultaneously. These factors have resulted in Sentient Capital successfully completing two fundraising rounds for Fedr8 prior to the current Crowdcube fundraising campaign.

An opportunity to own shares in Fedr8, a Great British cloud software company 

Award winning machine learning software company Fedr8 has launched a crowdfunding campaign to accelerate the roll-out of its Green Rain machine learning software.

Fedr8’s Green Rain accelerates the transformation of legacy software applications into fully cloud ready modern applications. Using its proprietary machine learning engine, Green Rain interrogates software at a code level showing where code in the software needs to be changed to suit the major cloud companies’ cloud platforms. Instead of taking several man-weeks of effort, the time required for the analysis is reduced to a few machine-hours.

Almost without exception, major international companies and institutions wish to move to the cloud in order to capitalise on the efficiencies and economies that the cloud brings. These large organisations face a unique set of challenges; to move and modernise many thousands of legacy applications they first need to understand the DNA of those applications.

Fedr8’s Green Rain has already attracted keen interest from several large banks and 2 Global Systems Integrators are actively engaged in Proofs of Concepts to adopt Green Rain as a core component of their Global Cloud Factory offerings. Given these levels of endorsement a Crowdcube Crowdfunding campaign has been launched to raise £400,000 to accelerate the roll-out of Green Rain.

CEO Damion Greef; “This is a world-changing piece of Great British machine learning software” “The legacy issues of outdated infrastructures are well documented…and in many cases have impacted on our day to day lives.” 

To find out more about the Crowdcube fundraising opportunity, click on the Crowdcube logo above or click here.

Want to find out more about Green Rain? Sales Director Richard Beckensall explains all in the video clip below.

Contacts:

Damion Greef, CEO
Tel. 07823328816
Email. info@fedr8.com

Richard Beckensall, UK sales Director
Tel. 07555 323321
Email. info@fedr8.com

Ian Pollard – SFO Having Another Bash At Barclays

Barclays BARC has now been charged by the Serious Fraud Office with an additional charge to that which was brought against it in June 2017 but this time relating to the loan itself rather than simply an allegation of providing unlawful financial assistance in 2008. It will be interesting to see who comes out of it worst, Barclays or the SFO whose reputation for competent and skilful prosecuting is hardly of the highest.

Lok’ n Store Group LOK enjoyed strong trading during the first half year to the 31st January. January produced the highest ever levelof new monthly storage sales. First half like for like revenue rose by 6.9%, self storage occupancy as at 31st January was up by 6% and price per sq. foot let was up by 0.4% compared to  year ago. Trading at the new stores which have been opened is claimed to have been excellent.

Sosander SOS delivered a strong performance in December and January with net revenue having exceeded management expectations. Over Xmas and the New Year there were multiple sell outs on a number of products, generating large waiting lists which have been satisfied by repeat orders.

Proteome Sciences PRM Unaudited revenues for the year to the 31st December rose by 18%, whilst at the same time, costs fell by 5% and the order book strengthened. Re organisation in the first half led to a stronger performance in the fourth quarter with robust and increasing demand. Despite that progress has been lower than management would have wished for and the company is still loss making although the loss is expected to hve been reduced from £ 2.9m to £ 2.1m.

Proxama PROX delivered a 75% rise in revenue during the year to the 31st December, accompanied by a significant reduction in costs led by a large fall from 60 to 23 in the number of employees. The directors expect to see a fall of at least 50% in costs for the full year. A new management team was appointed during the year giving the company a lean expert team with the right skills and the lowest ever cost base.

Proactis Holdings PHD expects to report a 123% rise in revenue for the six months to the 31st Januay and a rise of 183% in adjusted EBITDA. This surge follows the acquisition at the beginning of August of Perfect Commerce LLC which contributed 50% of the total revenue for the half year. The company is also on target to produce the £5m. of synergies expected for the full year.

Beachfront villas & houses for sale in Greece;   http://www.hiddengreece.net

Andrew Hore – Quoted Micro 12 February 2018

NEX EXCHANGE   

Western Selection (WESP) maintained its NAV at 95p a share at the end of the six month period of December 2017. Net debt was £1.13m. A sharp upturn in the value of the stake in Bilby (BILB) and offset declines in other investments. The interim dividend is unchanged at 1.1p a share. The shares go ex-dividend on 8 March.

Gledhow Investments (GDH) has granted six million options to its directors and company secretary. Guy Miller and Brett Miller will receive 2.5 million options each and Geoffrey Melamet receives 1 million. The exercise price is 1p a share. They last for five years and would equate to 10.9% of the enlarged share capital if taken up. The current share price is 1p (0.75p/1.25p). Gledhow had a NAV of £714,452 at the end of September 2017, which is equivalent to 1.45p a share. Since the year end, a gain of £115,000 was achieved on the sale of Coinsilium shares and Gledhow retains a significant stake which in Coinsilium, where the share price is more than three times the level at the end of September 2017. That could add more than £100,000 to the Gledhow NAV but the Coinsilium share price is volatile. Directors and company secretary remuneration was £21,514 last year. There are 4.9 million warrants exercisable at 1.5p each but these expire on 6 March 2017. Bruce Rowan and related parties own 83.37% of the current share capital.

IMC Exploration (IMCP) is continuing with its plans to move to the standard list. IMC has signed heads of agreement with Trove Metals Ltd and this should lead to a joint venture for the project at Avoca, County Wicklow. The current Koza/IMC joint venture has been set aside. IMC has decided to focus on the 12 most prospective of its 15 licences.

Crossword Cybersecurity (CCS) says that its revenues more than doubled to more than £700,000 in 2017. There is customer interest in the Rizikon cyber security product and the General Data Protection Regulations will provide momentum when they come into force in May. Full year figures should be published by the end of April.

Sandal (SAND) says that radiators supplier Pitacs will be a distributor of the Energie MiHome range. Pitacs is launching a new boiler in April and the Energie MiHome thermostats and radiator valves can be sold with this. Pitacs supplies more than 2,000 independent plumbers’ merchants as well as Plumb Nation.

Angelfish Investments (ANGP) says that its investee company Rapid Nutrition plans to gain a quotation in London. Rapid, which is already quoted on the SIX Swiss Exchange, has developed a nutraceutical product range. One of the terms of the £150,000 loan to Rapid was that it should be admitted to the London market by the end of February but this date has been extended to the end of April because of delays in the flotation process. If admission to the market happens by 1 March, then the principal and interest will convert into Rapid shares. If it takes longer than the interest after the end of February is payable in cash.

BWA Group (BWAP) has issued £220,000 of 4% convertible loan notes, with £120,000 taken up by Bath Group, which is owned by BWA chairman Richard Battersby. Bath has taken £70,000 of the loan notes in lieu of cash owed by BWA investee company Mineralfields Group.

Trevor Lloyd has succeeded Philip Kirkham as chairman of National Milk Records (NMR).

Kryptonite 1 (KR1) has changed its name to KR1.

AIM    

Shield Therapeutics (STX) disappointed the market with phase III patient trial results for the use of Feraccru in the treatment of iron deficiency anaemia in patients with chronic kidney disease that did not meet statistical significance requirements. The results are being analysed in order to identify the reason the trial failed. The share price fell by two-thirds.

Diversified Gas and Oil (DGOC) expects to complete the acquisition of Appalachian producing gas and oil assets from CNX Gas by the end of March. This will cost $85m (£59.9m), while the acquisition of Alliance Petroleum will cost a further $95m (£66.9m). A placing at 80p a share has raised £133.1m. The group’s net working interest production will increase by 173% to 28,133 boed. Management expects annualised EBITDA to be $70m-$75m.

OnTheMarket (OTMP) joined AIM on 9 February having raised £30m at 165p a share. The share price ended the day at 148p. The online property portal operator will make significant investment in its business over the next two years and this will lead it to fall into loss for a couple of years.

Draper Esprit (GROW) has made three new investments. Evonetix is developing the ability for parallel synthesis of DNA on silicon arrays. Droplet Computing has developed technology to decouple applications from the operating system for online and offline use. Kaptivo is developing products to provide whiteboard live streaming and image capture.

Seeing Machines (SEE) has published a trading statement to try to reassure investors following the unexpected departure of its chief executive. Interim revenues will be greater than the A$13.6m reported for last year. The fleet business is gaining revenues internationally. There is growing interest in the driver fatigue technology from Transport for London.

Recruitment software provider Dillistone (DSG) says that its 2017 figures will be much better than expected. This led to a pre-tax profit upgrade from £200,000 to £300,000. This is still a depressed figure due to the investment in GatedTalent and the future of the business depends on the take-up of this new product.

Engineering and technology recruiter Gattaca (GATC) says that weakness in the technology sector will hold back its progress and its chief executive has resigned. Underlying pre-tax profit is set to decline for a second year while the dividend could be halved to 11.5p a share in order for its to be twice covered.

Trading in the shares of BOS Global Holdings (BOS) remains suspended because of the resignation of RFC Ambrian as nominated adviser. BOS still does not have enough working capital so it cannot publish its 2016-17 annual report because the uncertainty over the AIM quotation scuppered a £1.2m placing.

Trading in Kennedy Ventures (KENV) shares will recommence on 12 February following the publication of its annual report. There was a cash outflow of £2.76m in the year to June 2017. The Namibia Tantalite Investment Mine run by African Tantalum has made its fourth shipment of tantalum to its North American customer and there are two more potential customers.

Croma Security Solutions (CSSG) says its first half figures will be much better than those reported for the first half of last year. The EBITDA will improve from £440,000 to more than £1.1m. The company’s largest ever contract was won at the end of the period. There has been an increase in demand for personnel from Croma Vigilant and it has won a five year contract. There is also improved demand for technology supplied by Croma Systems. The interims will be published in February.

BNN Technology (BNN) will lose its AIM quotation on 12 February. A matched bargain facility will be set up. The remaining board hopes to do at least one deal with the two US-listed companies it is in discussions with concerning the acquisition of all or most of BNN’s business.

Strategic Minerals (SML) has extended its access to the Cobre magnetite stockpile in New Mexico until the end of March 2019. This will provide cash to finance other projects.

Origo Partners (OPP) has sold 4.7% of Jinan Heng Yu Environmental Protection Co Ltd for the equivalent of $3m. This is in line with book value but it may take many months for the cash to be received. Origo retains a 7.2% indirect stake. The Origo NAV was $0.09 a share at the end of June 2017.

Alba Mineral Resources (ALBA) has secured additional exploration licences in Greenland. The 466 square km of land is in north west Greenland. Exploration work can be combined with existing licence areas.

Mercantile Ports and Logistics (MPL) says its port in Mumbai will receive its first revenues in a few weeks, following delays in the first customer sorting out its logistics. A further 200 metres is being added to the quay on the east flank of the facility.

Physiomics (PYC) has won a £70,000 contract from a major pharma company. The company’s Virtual Tumour computer model will be used for helping to predict outcomes in pre-clinical testing.

Warpaint London (W7L) says its 2017 results will be in line with expectations suggesting a pre-tax profit of £9.8m and a total dividend of 4p a share.

Polarean Imaging has relaunched plans to come to AIM. It had planned to float at the end of 2017 and the new proposed date is 22 February.

Fryer management services provider Filta Group Holdings (FLTA) says its 2017 revenues were 30% higher at £13.25m. The sale of the refrigeration business should increase the group margin.

TechFinancials Inc (TECH) has pulled out of the sale of non-core operations because the buyer had still not obtained regulatory approval.

MAIN MARKET    

Cadmium-free quantum dots producer Nanoco (NANO) has secured a material development and supply agreement with a major US firm that will provide funding to expand Nanoco’s manufacturing site in Runcorn. The deal covers the production of nano-particles for electronic devices. Commercial supply should commence in 2019.

Dukemount Capital (DKE) has secured a two month extension to its option on a property in north west England while talks with a housing association continue. Plans for the refurbishment of the building will be presented to the housing association. Gary Carp has increased his stake from below 3% to 5% in the past fortnight.

Flying Brands Ltd (FBDU) is negotiating to buy a North American medical imaging software developer, which owns FDA-approved medical imaging software that fits well with Flying Brands; own software. The cost of £500,000 would mainly be financed through a share issue.

Avocet Mining (AVM) has completed the sale of Resolute (West Africa) for $5m.

Path Investments (PATH) is still intending to raise cash and move to AIM in the first quarter of 2018. The farm-in deal to acquire 50% of Alfeld-Elze II licence and gas field in Germany is expected to go ahead in the near future.

Chuk Kin Lau has increased his stake in book publisher Quarto Group (QRT) from 20% to 25.6%. Cavendish Asset Management nearly halved its stake to 3.69%.

Andrew Hore

Cadence Minerals #KDNC – Re Bacanora Minerals update on the proposed re-domicile

Cadence Minerals (AIM/NEX: KDNC; OTC: KDNCY) reports that Bacanora Minerals Ltd (‘Bacanora’, AIM: BCN, TSXV: BCN) has today announced it intends to re-commence the process of changing its domicile of jurisdiction from Canada to the UK.

Bacanora now intends to raise a significant amount of new debt and equity financing to fund its growth as an international lithium company with new projects in Mexico and Germany and believes that a UK domiciled company with its primary listing on AIM is the best way to achieve this.  Bacanora intends to move its head office and its senior management to the UK, and as a result, anticipates that the Re-domicile will result in significant cost and administrative savings

The full announcement can be found here: http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/BCN/13527268.html.

Further to the announcement on the 01 February 2018 by Bacanora, in which it updated the progress in regards to the Strategic Cornertone Investor Financing, Cadence minerals current holds approximately 9% of Bacanora’s equity and once the financing is complete Cadence will hold approximately 7% of Bacanora’s equity. Cadence also holds 30% of Mexalit and Megalit joint venture companies. Mexalit is the owner of the El Sauz, El Sauz 1, El Sauz 2, Fleur and Fleur 1 mineral concessions, which forms part of the Sonora Lithium Project in Northern Mexico.

– Ends –

 

For further information, please contact.

Cadence Minerals plc

+44 (0) 207 440 0647

Andrew Suckling

Kiran Morzaria

WH Ireland Limited (NOMAD & Broker)

+44 (0) 207 220 1666

James Joyce

James Sinclair-Ford

Hannam & Partners LLP (Joint Broker)

+44 (0) 207 907 8500

Neil Passmore

Giles Fitzpatrick

Square1 Consulting

+44 (0) 207 929 5599

David Bick

Qualified Person

Kiran Morzaria B.Eng. (ACSM), MBA, has reviewed and approved the information contained in this announcement. Kiran holds a Bachelor of Engineering (Industrial Geology) from the Camborne School of Mines and an MBA (Finance) from CASS Business School.

About Cadence Minerals:

Cadence is dedicated to smart investments for a greener world. The planet needs rechargeable batteries on a global scale – upcoming supersized passenger vehicles, lorries and buses – require lithium and other technology minerals to power their cells. Cadence is helping find these minerals in new places and extracting them in new ways, which will meet the demand of this burgeoning market. With over £25 million vested in key assets globally, Cadence is helping us reach tomorrow, today.

Cadence invests across the globe, principally in lithium mining projects. Its primary strategy is taking significant economic stakes in upstream exploration and development assets within strategic metals. We identify assets that have strategic cost advantages that are not replicable, with the aim of achieving lower quartile production costs. The combination of this approach and seeking value opportunities allows us to identify projects capable of achieving high rates of return.

The Cadence board has a blend of mining, commodity investing, fund management and deal structuring knowledge and experience, that is supported by access to key marketing, political and industry contacts. These resources are leveraged not only in our investment decisions but also in continuing support of our investments, whether it be increasing market awareness of an asset, or advising on product mix or path to production. Cadence Mineral’s goal is to assist management to rapidly develop the project up the value curve and deliver excellent returns on its investments.

Make acid grade again: The potential for a resurgence in US fluorspar production – by Michael Greenfield, Industrial Minerals

Article from Industrial Minerals

By MICHAEL GREENFIELD
Published: Thursday, 08 February 2018

President Trump is set on ensuring US demand for fluorspar is served by domestic production, but with annual demand at 400,000 tonnes and effectively zero production, Industrial Minerals delves into the scope for meaningful fluorspar production in the US.

President Trump’s executive order on December 20, 2017, was administered on the basis of identifying and securing industrial minerals that are deemed critical to the United States’ economy. Yet production of fluorspar, which made the list, has been minimal since 1995, when 51,000 tonnes was produced.

The US natural fluorspar production market has been more or less dormant for over two decades despite a relative abundance of 4 million tonnes of proven reserves.

Historically, mining fluorspar in the US has been expensive, and was the dominant reason for mines closing down. But environmental clampdowns on polluting production in China has increased production costs in the Asian country and narrowed the cost gap between the US and China.

Hastie Mining, based in Illinois, US, produces 10,000 tonnes per year of fluorspar, most of which is metal-grade spar, 90% CaF2 purity or lower and used for production of metals. Meanwhile, the US imports around 82.5% of its fluorspar for manufacturing hydrofluoric acid, which requires 97% CaF2 fluorspar.

Bar Hastie’s production, the US imports all of its near-400,000 tpy of consumption. This comes primarily from four markets; Mexico, Vietnam, South Africa and Spain, although small amounts are sourced from Mongolia, China, Russia and the United Kingdom, according to 2016 data from the United States Geological Survey (USGS).

Around 320,000 tonnes of the total imports are acid grade, and almost all of which is accounted for by end-users Chemours and Honeywell.

Globally, 88% of demand for fluorspar comes from three sectors; steelmaking, aluminium smelting and the production of hydrofluoric acid.

Some 40% of fluorspar is required for manufacturing hydrofluoric acid, of this 60% is required for flurochemicals.

The US currently produces around 85 million tonnes of steel and 6 million tonnes of aluminium. The steel market is growing, and aluminium could soon receive a boost from incoming protectionist policies on Chinese products, according to Metal Bulletin Research.

The increasing cost of imported fluorspar 

With strong and growing demand and US capacity at a minimum, it seems as though making the fluorspar supply chain secure is mission impossible.

Certainly there is the demand, although the time taken between commissioning projects, breaking ground, correcting issues in the production line, assuring quality and then delivering capacity means the effect of planned additional supply will not be felt in the short term.

There is also the issue of President Trump’s stance on Nafta, an agreement he dubbed “one of the worst in history” due to the trade deficit it created with the signatories. Ending Nafta is likely to be adverse for Mexican producers, who exported 267,000 tonnes of fluorspar to the US in 2016, according to the USGS.

Mexico has a $63 billion annual trade surplus with the US whereas Canada’s trade surplus comes to $12.5 billion, according to the Office of the United States Trade Representative, and on that basis it is unclear whether this would affect Canada Fluorspar’s anticipated 200,000 tpy capacity, which is due to hit the market in the coming months.

With the market extremely tight, Canada Fluorspar’s output will provide some reassurance to the two US majors, who have received some of the first sales from the Canadian start-up, Industrial Minerals understands.

“If I had an additional 100,000 tonnes, I would have no problem selling it, judging from the serious inquiries I have had,” one producer outside of the US told Industrial Minerals.

The market tightness is reflected in high fluorspar prices. Industrial Minerals assessed acidspar 97% CaF2, wet filtercake prices, fob China at $480-520 per tonne on February 8, which one India-based consumer described as “the highest I have ever seen, in my 15-year career.”

Industrial Minerals understands that Chinese consumers have looked to buy material from Mongolia recently, although with limited success.

The cost of Chinese material went up on January 18 to $480-520 per tonne from $400-420 previously for acidspar 97% CaF2, wet filtercake, fob China, on a plethora of issues which can be partially linked to the rising cost of production due to the environmental controls now in place.

The high prices in China reinforce arguments in the market that fluorspar supply should be secured.

US consumers still have access to reasonably-price Mexican fluorspar, which is home to the world’s largest producer, Mexichem. The price for acidspar, 97% CaF2, dry filtercake, <5ppm,fob, Tampico, Mexico has been flat at $280-310 per tonne for several months, but if the market trend of China exporting very little continues or it becomes a net importer, that could place a higher demand on Mexican material and push the price up.

Domestic production

Should the cost of imported fluorspar continue to rise, the price differential between imported and domestic fluorspar could narrow further and make US production an attractive prospect once again.

Domestically, the scope to expand fluorspar production and secure the supply chain is small. The Hastie Mining operation is primarily a limestone quarry with some deposits of fluorspar which run like veins through the rock.

The company imports around 100,000 tpy of fluorspar, while locally-produced material costs around 20% higher than imports, according to Don Hastie, partner at Hastie Mining.

But Hastie Mining has been developing a deposit in Kentucky for the past three years. It will have capacity to produce 20,000 tpy of fluorspar when it comes online in the second half of 2018. The Illinois quarry operation will then cease production because of the lower head grade quality – 40% as opposed to 55%.

The Kentucky mine is financially more viable as it is solely a fluorspar operation, meaning the costs are dramatically reduced to process fluorspar for sale and there is a “different thickness of ore material,” according to Hastie.

There were no difficulties in processing the fluorspar from the limestone quarry though, Hastie added.

Nevada and California in the US also have fluorspar deposits, although no operations exist in California while UK-based Tertiary Mining #TYM is developing a mine in Nevada where the company has 2,500 acres under license.

There is 86 million tonnes of ore in this deposit, at 10% head grade, although it is believed that there are higher grades further down.

The company expects it will be able to produce in excess of 100,000 tpy of fluorspar when operational within the next five years, although this is subject to production costs, market status and offtake agreements.

This equates to around 25% of current US demand, and a few percentage points lower than that once the supply reaches the market accounting for growth in demand. That said, the company plans to export its material, it said, and has evaluated the potential for exporting to Asia from San Francisco, California.

Tertiary has signed an offtake agreement with Germany-based mineral trader Possehl Erzkontor. Under this, Possehl will take a minimum of 70% of acidspar production from Tertiary’s three sites which also include Sweden and Norway. Possehl also provided pre-financing to Tertiary.

In a recent statement made to the London Stock Exchange, the company said it is progressing the scoping study, having completed flotation test work. Still outstanding is project feasibility, de-risking and development phases, and assessments of costs, further offtake agreements, market situation for when the project goes live and economies of scale, Industrial Minerals understands.

Yet with domestic production coming at a premium, and the world’s biggest fluorspar producer just across the southern border in Mexico having escaped the price spikes seen in China and South Africa, some market participants question whether the US needs domestic production.

And it begs the question why fluorspar has been placed in the critical minerals category by the Trump administration when its security seems unobtainable. It could be related to President Trump’s promise to secure US jobs and US business, with Chemours and Honeywell both sitting within 2017’s Fortune 500 list.

Additional supply will go some way to soften the reliance on foreign imports, but until any significant amount of acid grade production hits the US market, importers will endure a large exposure to global market conditions, and prices.

Link here to view the article on IndMin website

Brand CEO Alan Green talks to Fedr8 director Richard Beckensall re the Crowdcube campaign & #GreenRain

Brand CEO Alan Green talks to Richard Beckensall, Sales Director at Fedr8 (fedr8.com) about the current fundraise at Crowdcube. Richard looks in detail at Fedr8’s flagship #GreenRain product, and explains the process of machine learning and source code analytics. He also explains how for large corporates, Green Rain accelerates the transformation of multiple legacy software applications into a fully digital cloud based solution.

VectorVest MD David Paul discusses Relative Safety stocks amid the equity sell-off

With short and long term trends down, VectorVest’s most conservative investing strategy, Worry-Free Investing, sorts stocks on Relative Safety (RS). A score between 0-2 – above 1 is fair and above 1.3 is better to good. With Worry-Free investing, VectorVest advises on buying the safest stocks.

Watch David Paul explain how Relative Safety buys are prudent right now on his most recent Core Finance Interview.

Feedback Plc #FDBK – Holdings in company

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 underlying issuer of existing shares to which voting rights are attachedii:

 

Feedback plc

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 obligationiv

Name

Jonathan David Selby Cranston

City and country of registered office (if applicable)

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

Name

City and country of registered office (if applicable)

5. Date on which the threshold was crossed or reachedvi:

 

08/02/18

6. Date on which issuer notified (DD/MM/YYYY):

 

09/02/18

7. Total positions of person(s) subject to the notification obligation

% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuervii

Resulting situation on the date on which threshold was crossed or reached

        5.17

        5.17

246,416,584

Position of previous notification (if

applicable)

        4.05

        4.05

246,416,584

 

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached

A: Voting rights attached to shares

Class/type of
shares

ISIN code (if possible)

Number of voting rightsix

% of voting rights

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

Direct

(Art 9 of Directive 2004/109/EC) (DTR5.1)

Indirect

(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

ord 0.25p

   12,750,000

 

            5.17

        

SUBTOTAL 8. A

12,750,000

5.17

 

 

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

Type of financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Number of voting rights that may be acquired if the instrument is

exercised/converted.

% of voting rights

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 financial instrument

Expiration
date
x

Exercise/
Conversion Period 
xi

Physical or cash

settlementxii

Number of voting rights

% of voting rights

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 by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii

X

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)

Namexv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

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 informationxvi

Place of completion

UK

Date of completion

09/02/18

Brand CEO Alan Green discusses developments at Prairie Mining #PDZ on Vox Markets podcast

Brand CEO Alan Green discusses developments at Prairie Mining #PDZ with Justin Waite on Vox Markets podcast. The interview is 12 minutes 27 seconds in. NB: Recorded before the PDZ RNS

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