SERABI MINING plc ("Serabi" or "the Company")
Serabi Mining plc advises that is has been notified that McRae Investments Pty Ltd, disposed of 2.25 million shares in the Company reducing its holding to 19,799,651, representing 17.83% of the issued share capital.
Mr. WM Clough, a Director of the Company, is a Director of and has a minority shareholding in McRae. As a result of this disposal of shares by McRae, Mr. WM Clough is deemed to have a beneficial interest in a total 37,828,617 share representing 34.06% of the issued capital..
The shares have been placed by the Company's brokers Numis Securities Ltd. with a selection of institutional holders.
Graham Roberts, Serabi's Chairman, commented:
"McRae Investments has been a strong supporter of the Company during its formative years. This share sale, combined with a sale made in November 2006, has allowed McRae to recoup some of its original investment. I have been advised by McRae that it is not their intention to sell any further stock in the foreseeable future.."
Enquiries
Serabi Mining plc
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Graham Roberts |
Tel: 020 7220 9550 |
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Chairman |
Mobile: 07768 902 475 |
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Clive Line |
Tel: 020 7220 9550 |
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Finance Director |
Mobile: 07710 151 692 |
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email: contact@serabimining.com |
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Numis Securities Limited |
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John Harrison |
Tel: 020 7260 1000 |
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James Black |
Tel: 020 7260 1000 |