Holdings in Company - TR-1s and PCA
Bluebird Mining Ventures Ltd has announced a major shareholder notification due to share issuances that caused dilution, impacting Skylake Management LLP's holding to 12.76% from 17.63%. Separately, Skylake Management LLP's total voting rights increased to 20.69% from 7.47% following the acquisition of 328,666,667 shares for debt conversion at £0.0006, 30,000,000 shares for fees at £0.005, and 86,109,086 shares at £0.0015, all of which were at a premium to the 10-day volume weighted average price.
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Bluebird Mining Ventures Ltd (LSE: BMV) (the “Company” or “BMV”), previously announced on 18 September 2026 certain issues of ordinary shares of no par value (“Shares”) and on 25 September 2026 announced the admission of certain of those Shares. The Company has now submitted a major shareholder notification due to the dilution this Share issue caused which is detailed below. The Company has also received notifications from Skylake Management LLP (“Skylake”) to reflect the Shares it has received directly from the Company and Shares received in its capacity as a contractor to the Company, which are set out below. The Company confirms that the 203,635,601 Shares issued to contractors from the contractor pool were issued at a price £0.000691 (save for 86,109,086 Shares which were issued to Skylake at £0.0015) both of which are at a premium to the 10-day volume weighted average price at issue, which is the Company’s expected benchmark for issues of shares to contractors.
For further information, please contact;
Bluebird Mining Ventures Ltd
| Sath Ganesarajah, Chief Executive Officer | c/o Yellow Jersey PR |
| Yellow Jersey PR | |
| Charles Goodwin / Annabelle Wills | +44 (0)20 3004 9512 |
Investor questions on this announcement
We encourage all investors to share questions on this announcement via our investor hub: https://ir.bmvbtc.com/link/PB5zQr
TR-1: Standard form for notification of major holdings
| 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii : | Bluebird Mining Ventures Ltd |
- Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)
| Non-UK issuer | X |
- 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 :
Details of person subject to the notification obligation iv
| Name | Bluebird Mining Ventures Ltd |
| City and country of registered office (if applicable) | Tortola, British Virgin Islands |
Full name of shareholder(s) (if different from 3.) v
| Name | Skylake Management LLP |
| City and country of registered office (if applicable) | London |
| 5. Date on which the threshold was crossed or reached vi : | 25/09/2026 |
| 6. Date on which issuer notified (DD/MM/YYYY): | 28/09/2026 |
- Total positions of person(s) subject to the notification obligation
| Resulting situation on the date on which threshold was crossed or reached | 12.75922 | N/A | 12.75922 | 410,294,114 |
| Position of previous notification (if applicable) | 17.62812 | N/A | 17.62812 | 503,635,601 |
| 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) | |
| Ordinary | 410,294,114 | 12.75922 | ||
| SUBTOTAL 8. A | 410,294,114 | 12.75922 | ||
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
SUBTOTAL 8.B.2
| Skylake Management LLP | 12.75922 | 12.75922 |
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
Additional information xvi
The shares registered in this notification (the "Trust Shares") are held by Skylake Management LLP ("Skylake") pursuant to a deed of trust under which Bluebird Mining Ventures Ltd ("BMV") controls the voting rights attached to the Trust Shares. Accordingly, BMV is an indirect holder of the Trust Shares, which are legally held by Skylake as trustee for the beneficiaries of the trust, none of whom is BMV.
| Place of completion | London |
|---|---|
| Date of completion | 28.09.2026 |
| TR-1: Standard form for notification of major holdings | |
| 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii : | Bluebird Mining Ventures Ltd |
- Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)
| Non-UK issuer | X |
- 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 :
Details of person subject to the notification obligation iv
| Name | Skylake Management LLP |
| City and country of registered office (if applicable) | London |
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 : | 25/09/2026 |
| 6. Date on which issuer notified (DD/MM/YYYY): | 28/09/2026 |
- Total positions of person(s) subject to the notification obligation
| Resulting situation on the date on which threshold was crossed or reached | 20.69062 | N/A | 20.69062 | 665,341,487 |
| Position of previous notification (if applicable) | 7.46704 | N/A | 7.46704 | 213,333,333 |
| 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) | |
| Ordinary | 665,341,487 | 20.69062 | ||
| SUBTOTAL 8. A | 665,341,487 | 20.69062 | ||
B 1: Financial Instruments according to DTR5.3.1R (1) (a)
SUBTOTAL 8. B 1
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
SUBTOTAL 8.B.2
| Sath Ganesarajah | 20.69062 | 20.69062 |
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
Additional information xvi
The shares registered in this notification are those beneficially held by Skylake Management LLP (“Skylake”) and exclude shares held on trust by Skylake for third parties over which Skylake hold no control over the voting rights. Skylake also received 328,666,667 ordinary shares in exchange for debt and 30,000,000 in respect of certain fees.
| Place of completion | London |
| Date of completion | 28.09.2026 |
| Name [Include first name(s) and last name(s); if the PCA is a legal person, state its full name, including the legal form, if applicable, as provided in the register where it is incorporated.] | Skylake Management LLP |
| Status [State that the notification relates to a PCA and indicate the name and job title of the relevant PDMR.] | PCA |
| Reason for the notification [Indicate whether this is an initial notification or amendment; if an amendment, explain the previous error that this amendment has corrected.] | Initial notification |
| Description and identifier of the financial instrument [State the nature of the instrument, e.g. share, debt instrument, a derivative or financial instrument linked to a share or debt instrument.] | Bluebird Mining Ventures Ltd - Ordinary Shares |
| Nature of the transaction [Describe the transaction, e.g. acquisition or disposal, and whether it is linked to the exercise of a share option programme; indicate if the transaction was conducted pursuant to an investment programme or trading plan and provide the date on which the relevant investment programme or trading plan was entered into.] | an obligation payable to Skylake to be satisfied through the issue of Ordinary Shares conversion of creditor balance owed by the company into shares Transfer of ordinary shares from a share incentive trust under a trust deed dated 16 January 2026. Transfer of ordinary shares from a share incentive trust under a trust deed dated 16 January 2026. |
| Date of the transaction [State the date on which the transaction was executed and specify the time zone.] | All 25.09.2026 |
| Place of the transaction [State the trading venue where the transaction was executed or, if none, state "outside a trading venue".] | All CREST |
| Price(s) and volume(s) of the transaction [Indicate the price, including currency, and volume of the transaction, stating the metric for quantity; where more than one transaction of the same nature in the same financial instrument is executed on the same day and at the same place, the prices and volumes of these transactions should be separately identified; they should not be aggregated or netted off.] | 30,000,000 @ £0.005 328,666,667 @ £0.0006 86,109,086 @ £0.0015 7,232,401 @ £0.000691 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.