NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN
This announcement is not an offer for sale, or a solicitation of an offer to acquire, securities in any jurisdiction, including in or into the United States, Canada, Australia, or Japan. Neither this announcement nor any part of it shall form the basis of or be relied on in connection with or act as an inducement to enter into any contract or commitment whatsoever.
4th November 2022
UPLAND RESOURCES LIMITED
(“Upland” or the “Company”)
Notification of Shareholder and Director Holdings
Upland Resources Limited (LSE: UPL), announces that subsequent to shares issued on 2 November 2022 in relation to its recently announced capital raise (“the event”), that it has received the following TR1 notification of major holding form from Leigh Allen which is attached in full below.
In addition, the company notes the following changes in percentage shareholding of total issued stock (by way of dilution) in the Company applies to the following directors:
| Column1 | Shares Held | % shareholding prior to event | % shareholding subsequent to event |
| Bolhassan Di (CEO and Chairman) | 16,634,620 | 2.42% | 2.05% |
| Aimi Nasharuddin (Director) | 14,730,770 | 2.14% | 1.82% |
**Ends**
TR-1: Standard form for notification of major holdings
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NOTIFICATION OF MAJOR HOLDINGS |
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1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: |
Upland Resources Limited |
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1b. Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate) |
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Non-UK issuer |
X |
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2. Reason for the notification (please mark the appropriate box or boxes with an “X”) |
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An acquisition or disposal of voting rights |
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An acquisition or disposal of financial instruments |
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An event changing the breakdown of voting rights |
X |
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Other (please specify)iii: |
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3. Details of person subject to the notification obligationiv |
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Name |
Leigh James Allen |
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City and country of registered office (if applicable) |
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4. Full name of shareholder(s) (if different from 3.)v |
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Name |
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City and country of registered office (if applicable) |
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5. Date on which the threshold was crossed or reachedvi: |
2/11/2022 |
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6. Date on which issuer notified (DD/MM/YYYY): |
2/11/2022 |
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7. Total positions of person(s) subject to the notification obligation |
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% of voting rights attached to shares (total of 8. A) |
% of voting rights through financial instruments |
Total of both in % (8.A + 8.B) |
Total number of voting rights held in issuervii |
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Resulting situation on the date on which threshold was crossed or reached |
37,500,000 |
4.62% |
37,500,000 |
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Position of previous notification (if applicable) |
35,000,000 |
5.10% |
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8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii |
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A: Voting rights attached to shares |
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Class/type of ISIN code (if possible) |
Number of voting rightsix |
% of voting rights |
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Direct (DTR5.1) |
Indirect (DTR5.2.1) |
Direct (DTR5.1) |
Indirect (DTR5.2.1) |
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JE00BJXN4P16 |
37,500,000 |
4.62% |
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SUBTOTAL 8. A |
37,500,000 |
4.62% |
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B 1: Financial Instruments according to DTR5.3.1R (1) (a) |
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Type of financial instrument |
Expiration |
Exercise/ |
Number of voting rights that may be acquired if the instrument is exercised/converted. |
% of voting rights |
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SUBTOTAL 8. B 1 |
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B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b) |
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Type of financial instrument |
Expiration |
Exercise/ |
Physical or cash settlementxii |
Number of voting rights |
% of voting rights |
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SUBTOTAL 8.B.2 |
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9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an “X”) |
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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 |
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Full chain of controlled undertakings through which the voting rights and/or the |
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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 |
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10. In case of proxy voting, please identify: |
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Name of the proxy holder |
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The number and % of voting rights held |
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The date until which the voting rights will be held |
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11. Additional informationxvi |
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Place of completion |
St John, Jersey |
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Date of completion |
2 November 2022 |