Holding(s) in Company (1929B)
April 12 2012 - 2:28AM
UK Regulatory
TIDMNGL
RNS Number : 1929B
Norseman Gold PLC
12 April 2012
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
----------------------------------------------------------------------------------------------------------------------
1. Identity of the issuer or the underlying Norseman Gold Plc
issuer
of existing shares to which voting rights
are
attached: (ii)
---------------------------------------------------------------------- ----------------------------------------------
2 Reason for the notification (please tick the appropriate box or boxes):
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An acquisition or disposal of voting rights
*
------------------------------------------------------------------------------------------------------------- -------
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 Increase in issuer's capital
specify): *
------------------- ---------------------------------------------------------------------------------------- -------
3. Full name of person(s) subject Sprott Asset Management LP
to the
notification obligation: (iii)
----------------------------------------------------------- ---------------------------------------------------------
4. Full name of shareholder(s) See Section 9
(if different from 3.):(iv)
----------------------------------------------------------- ---------------------------------------------------------
5. Date of the transaction and date N/A
on
which the threshold is crossed
or
reached: (v)
----------------------------------------------------------- ---------------------------------------------------------
6. Date on which issuer notified: April 9, 2012
----------------------------------------------------------- ---------------------------------------------------------
7. Threshold(s) that is/are crossed
or
reached: (vi, vii) 5.1%
----------------------------------------------------------- ---------------------------------------------------------
8. Notified details:
--------------------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares (viii, ix)
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Class/type Situation previous Resulting situation after the triggering
of to the triggering transaction
shares transaction
if
possible
using
the ISIN
CODE
-------------------------------------- ---------------------------------------------------------------------
Number Number Number Number of voting % of voting rights
of of of shares rights (x)
Shares Voting
Rights
---------------- -------------------- ------------- ----------------------- -----------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
----- ------- ------- ------ --- ------------- ---------- ----------- ------------- --------------
Ordinary
Shares 21,194,726 21,194,726 20,955,426 20,955,426 5.1%
---------------- -------------------- ------------- ---------- ----------- ------------- --------------
B: Qualifying Financial Instruments
--------------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
--------------------------------------------------------------------------------------------------------------------------
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date (xiii) Conversion Period rights that may rights
(xiv) be
acquired if the
instrument is
exercised/ converted.
-------------------- ---------------- ------------------------------- --------------------------- --------------------
C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments (xv, xvi)
--------------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
--------------------------------------------------------------------------------------------------------------------------
Type of Exercise Expiration Exercise/ Number of voting % of voting rights
financial price date (xvii) Conversion rights instrument (xix, xx)
instrument period refers to
(xviii)
------------- -------------- --------------- ------------------ --------------------------- -------------------------
Nominal Delta
------------- -------------- --------------- ------------------ --------------------------- ------------ -----------
Total (A+B+C)
--------------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
---------------------------------------------------------------- --------------------------------------------------------
20,955,426 5.1%
---------------------------------------------------------------- --------------------------------------------------------
9. Chain of controlled undertakings through which the voting rights and/or
the
financial instruments are effectively held, if applicable: (xxi)
---------------------------------------------------------------------------------
Sprott Asset Management LP is the portfolio manager acting on behalf
of the Sprott Canadian Equity Fund, Sprott Bull/Bear RSP Fund, Sprott
Hedge Fund L.P., Sprott Hedge Fund L.P. II, Sprott Master Fund, Ltd.,
Sprott Master Fund II, Ltd., and a Sprott Managed Account.
Proxy Voting:
---------------------------------------------------------------------------------
10. Name of the proxy holder:
--------------------------------------------------- ----------------------------
11. Number of voting rights proxy holder will
cease
to hold:
--------------------------------------------------- ----------------------------
12. Date on which proxy holder will cease to
hold
voting rights:
--------------------------------------------------- ----------------------------
13. Additional information: Please note the change in percentage
terms is primarily due to increase
in share capital of the company
--------------------------------------- ----------------------------------------
14. Contact name: Maggie Tang
--------------------------------------- ----------------------------------------
15. Contact telephone number: 1-416-943-4072
mtang@sprott.com
--------------------------------------- ----------------------------------------
Note: Annex should only be submitted to the FSA not the issuer
Annex: Notification of major interests in share
A: Identity of the persons or legal entity subject to the notification
obligation
-------------------------------------------------------------------------------
Full name Sprott Asset Management LP
(including legal form of legal entities)
------------------------------------------ -----------------------------------
Contact address 200 Bay Street, Suite 2700, PO Box
(registered office for legal entities) 27
Royal Bank Plaza, South Tower
Toronto, ON Canada M5J 2J1
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Phone number & email
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Other useful information
(at least legal representative for
legal persons)
------------------------------------------ -----------------------------------
B: Identity of the notifier, if applicable
-------------------------------------------------------------------------------
Full name
------------------------------------------ -----------------------------------
Contact address
------------------------------------------ -----------------------------------
Phone number & email
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Other useful information
(e.g. functional relationship with
the person or legal entity subject
to the notification obligation)
------------------------------------------ -----------------------------------
C: Additional information
-------------------------------------------------------------------------------
For notes on how to complete form TR-1 please see the FSA website.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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