BWA Group PLC - Holding(s) in Company PR Newswire

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310.

27 July 2022

BWA Group PLC

 (“BWA” or the “Company”)    

Holdings in the Company

BWA Group plc [AQSE: BWAP], which has mineral exploration licences in both Cameroon and Canada at various stages of development and is quoted on London’s AQSE Growth Market, announces that it was informed yesterday that St Georges Eco-Mining Corp. has sold the majority of its holding in the Company’s ordinary shares of 0.5p each (“Ordinary Shares”), and no longer holds a notifiable position.  Full details of both the sale and purchase are disclosed below.  G & O Energy Investments Ltd. now holds 13.45% of the Ordinary Shares.

The Directors of BWA are responsible for the contents of this announcement.  

Ends -

For further information: 

BWA Group PLC
Richard Battersby
Chairman
+44 7836 238172
enquiries@bwagroupplc.com

Allenby Capital Limited
Corporate Adviser 
Nick Harriss/Freddie Wooding

+44 20 3328 5656

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii: BWA Group 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 obligation iv
Name G&O Energy Investments Ltd.
City and country of registered office (if applicable) Vancouver, Canada
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 reached vi: 25 July 2022
6. Date on which issuer notified (DD/MM/YYYY): 25 July 2022
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 held in issuer (8.A + 8.B) vii
Resulting situation on the date on which threshold was crossed or reached 13.45% 0 13.45% 57,000,000
Position of previous notification (if
applicable)
0 0 0%

   

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii
A: Voting rights attached to shares
Class/type of
shares

ISIN code (if possible)
Number of voting rights ix % of voting rights
Direct
(DTR5.1)
Indirect
 (DTR5.2.1)
Direct
(DTR5.1)
Indirect
(DTR5.2.1)
GB0033877555 57,000,000 0 13.45% 0
SUBTOTAL 8. A 57,000,000 13.45%
B 1: Financial Instruments according to DTR5.3.1R (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 DTR5.3.1R (1) (b)
Type of financial instrument Expiration
date
x
Exercise/
Conversion Period
xi
Physical or cash
Settlement xii
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) issuer xiii
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 (please add additional rows as necessary) xiv
x
Name xv % 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
G&O Energy Investments Ltd. 13.45% 0 13.45%
Joe De Vries as controlling shareholder of G&O Energy Investments Ltd. 13.45% 0 13.45%
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 information xvi
This disclosure has been calculated based on there being 423,847,891 total voting rights in respect of the ordinary shares in issue as per the issuer's RNS announcement on 13 July 2022

   

Place of completion Vancouver, Canada
Date of completion 25 July 2022

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS
1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii: BWA Group 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 obligation iv
Name St.-Georges Eco-Mining Corp.
City and country of registered office (if applicable) Montréal, Canada
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 reached vi: 25 July 2022
6. Date on which issuer notified (DD/MM/YYYY): 25 July 2022
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 held in issuer (8.A + 8.B) vii
Resulting situation on the date on which threshold was crossed or reached 3,000,000 0 0.7% 3,000,000
Position of previous notification (if
applicable)
60,000,000 0 14.15%

   

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii
A: Voting rights attached to shares
Class/type of
shares

ISIN code (if possible)
Number of voting rights ix % of voting rights
Direct
(DTR5.1)
Indirect
 (DTR5.2.1)
Direct
(DTR5.1)
Indirect
(DTR5.2.1)
GB0033877555 3,000,000 0 0.7% 0
SUBTOTAL 8. A 3,000,000 0.7%
B 1: Financial Instruments according to DTR5.3.1R (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 DTR5.3.1R (1) (b)
Type of financial instrument Expiration
date
x
Exercise/
Conversion Period
xi
Physical or cash
Settlement xii
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) issuer xiii
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 (please add additional rows as necessary) xiv
Name xv % 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
St-Georges Eco-Mining Corp. Now less than notifiable threshold 0 Now less than 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 information xvi
This disclosure has been calculated based on there being 423,847,891 total voting rights in respect of the ordinary shares in issue as per the issuer's RNS announcement on 13 July 2022

   

Place of completion Montréal, Canada
Date of completion 25 July 2022