Holding(s) in Company

05 August 2020

TR-1: Standard form for notification of major holdings

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

Highland Gold Mining Limited

1b. Please indicate if the issuer is a non-UK issuer  (please mark with an “X” if appropriate)

Non-UK issuer

X

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

Denalot Worldwide Limited

City and country of registered office (if applicable)

British Virgin Islands

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:

31 July 2020

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

04 August 2020

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

2.87%

 

2.87%

10,434,227

Position of previous notification (if

applicable)

 

 

7.13%

25,950,883

 

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

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)

Ordinary shares, ISIN GB0032360173

10,434,227

 

2.87%

 

SUBTOTAL 8. A

10,434,227

2.87%

 

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

 

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 entityxiv (please add additional rows as necessary)

X

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

Mr Alexander Abramov

 

 

 

PRICEWATERHOUSECOOPERS ASSOCIATES LIMITED (as Trustee of Chestnut Trust)

 

 

 

Starbold Limited

 

 

 

Denalot Worldwide Limited

2.87%

 

2.87%

 

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

Chestnut trust exercises voting rights in respect of Starbold Limited by the discretion of the trustee. Mr Alexander Abramov is a beneficiary of Chestnut trust.

 

Place of completion

Limassol, Cyprus

Date of completion

04 August 2020

 

Annex: Notification of major holdings (to be filed with the FCA only)

 

A: Identity of the person subject to the notification obligation

Full name (including legal form for legal entities)

Denalot Worldwide Limited

Contact address (registered office for legal entities)

Trident Chambers, P.O. Box 146, Road Town, Tortola, British Virgin Islands

E-Mail

notices@starbold.eu

Phone number / Fax number

+357 25 842 000

Other useful information

(at least legal representative for legal persons)

To the attention of Directors

 

 

B: Identity of the notifier, if applicable

Full name

 

Contact address

 

E-Mail

 

Phone number / Fax number

 

Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation)

 

 

C: Additional information