Centamin PLC Announces Notification of Major Holding(s)
Rhea-AI Summary
Centamin PLC has reported a significant shareholding notification from JPMorgan Chase & Co. As of October 31, 2024, JPMorgan's total position amounts to 25.69305% of voting rights, consisting of 3.736622% through direct shares and 21.956432% through financial instruments. The position includes 43,385,410 direct voting rights and various cash-settled equity swaps expiring between March 2025 and November 2025. The notification was made through J.P. Morgan Securities plc and J.P. Morgan Securities
Positive
- JPMorgan Chase & Co has taken a substantial 25.69% position in the company, potentially indicating institutional confidence
Negative
- Large portion of JPMorgan's position (21.96%) is through financial instruments rather than direct shares, which could create future stock price pressure
News Market Reaction – CELTF
On the day this news was published, CELTF declined 2.69%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
PERTH, AUSTRALIA / ACCESSWIRE / November 5, 2024 / TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
JE00B5TT1872 |
Issuer Name
CENTAMIN PLC |
UK or Non-UK Issuer
Non-UK |
2. Reason for Notification
An acquisition or disposal of voting rights |
3. Details of person subject to the notification obligation
Name
JPMorgan Chase & Co. |
City of registered office (if applicable)
|
Country of registered office (if applicable)
US |
4. Details of the shareholder
Name | City of registered office | Country of registered office |
J.P. Morgan Securities plc |
|
|
5. Date on which the threshold was crossed or reached
31-Oct-2024 |
6. Date on which Issuer notified
04-Nov-2024 |
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 |
Resulting situation on the date on which threshold was crossed or reached | 3.736622 | 1.956432 | 5.693054 | 66101250 |
Position of previous notification (if applicable) |
|
|
|
|
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
8A. Voting rights attached to shares
Class/Type of shares ISIN code(if possible) | Number of direct voting rights (DTR5.1) | Number of indirect voting rights (DTR5.2.1) | % of direct voting rights (DTR5.1) | % of indirect voting rights (DTR5.2.1) |
JE00B5TT1872 |
| 43385410 |
| 3.736622 |
Sub Total 8.A | 43385410 | |||
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
Type of financial instrument | Expiration date | Exercise/conversion period | Number of voting rights that may be acquired if the instrument is exercised/converted | % of voting rights |
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|
|
|
Sub Total 8.B1 |
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|
| |
8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))
Type of financial instrument | Expiration date | Exercise/conversion period | Physical or cash settlement | Number of voting rights | % of voting rights |
Cash-settled Equity Swap | 19/03/2025 | 19/03/2025 | Cash | 19183693 | 1.652224 |
Cash-settled Equity Swap | 13/08/2025 | 13/08/2025 | Cash | 3442864 | 0.296521 |
Cash-settled Equity Swap | 17/10/2025 | 17/10/2025 | Cash | 47553 | 0.004093 |
Cash-settled Equity Swap | 28/11/2025 | 28/11/2025 | Cash | 41730 | 0.003594 |
Sub Total 8.B2 |
| 22715840 | |||
9. Information in relation to the person subject to the notification obligation
2. 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 entities (please add additional rows as necessary) |
Ultimate controlling person | Name of controlled undertaking | % 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 |
JPMorgan Chase & Co. | J.P. Morgan Securities plc | 3.728333 |
| |
JPMorgan Chase & Co. | J.P. Morgan Securities LLC |
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10. In case of proxy voting
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
Chain of controlled undertakings: |
12. Date of Completion
04-Nov-2024 |
13. Place Of Completion
London |
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
SOURCE: Centamin PLC
View the original press release on accesswire.com
FAQ
What is JPMorgan Chase's total position in Centamin PLC (CELTF) as of October 31, 2024?
How many direct voting rights does JPMorgan hold in Centamin PLC (CELTF)?
When do JPMorgan's cash-settled equity swaps in Centamin PLC (CELTF) expire?
