Investors & Media
Company releases
Change in significant shareholdings
28 December 2006
Shanta was advised on 22 December 2006 that shareholders Export Holdings Limited (“Export”) and Sable Gold (Mauritius) Limited (“Sable”) had disposed of ordinary shares of 0.01p each in the share capital of Shanta Gold (“Ordinary Shares”).
On 13 December 2006, Export sold 4,193,182 Ordinary Shares and Sable sold 4,193,182 Ordinary Shares (a total of 8,386,364 Ordinary Shares) to certain Canadian funds at a price of 50p per share. Pursuant to this transaction, Dynamic Power Hedge Fund acquired 5,916,200 Ordinary Shares, which represents 6.12% of the issued share capital of the Company.
On 21 December 2006 Export sold a further 1,000,000 Ordinary Shares and Sable sold 1,000,000 Ordinary Shares (a total of 2,000,000 Ordinary Shares) at a price of 50p per share to Jonah Capital. Export also transferred 5,500,000 of the warrants issued at the time of the placing (“Placing Warrants”) at 20p per warrant to Jonah Capital. Sable transferred 5,500,000 Placing Warrants to Jonah Capital. Richard Jonah, a non-executive director of the Company, is also a director of Jonah Capital
At the conclusion of the disposals Sable, Export and Dynamic Power Hedge Fund hold the following interests in securities of Shanta:
| Ordinary Shares | Placing Warrants | ||
|---|---|---|---|
| Number | % | Number | |
| Export Holdings Limited | 15,619,330 | 21.32 | 3,312,500 |
| Sable Gold (Mauritius) Limited | 15,619,330 | 21.32 | 3,312,500 |
| Dynamic Power Hedge Fund | 5,916,200 | 6.12 | - |
As a result of the transactions the interests of directors will be as follows:
| Shares | Placing Warrants | ||
|---|---|---|---|
| Number | % | Number | |
| Walton Imrie | 6,036,613 | 6.24 | 966,586 |
| Ketan Patel | 10,343,750 | 10.70 | 1,656,250 |
| Mahesh Patel | 10,343,750 | 10.70 | 1,656,250 |
For more information please contact:
David Youngman, W.H. Ireland Ltd
Tel: +44 (0) 161 832 6644
Walter Vorwerk, Shanta Gold Ltd
Tel: +27 (0) 83 308 0080