Holding(s) in Company
Power Metal Resources PLC has reported a significant change in its major holding in First Development Resources PLC, effective October 31, 2025. The company's total voting rights in First Development Resources PLC have decreased to 33.0%, representing 45,987,594 shares. This marks a notable reduction from its previously reported position of 43.44%. This event, changing the breakdown of voting rights, could be perceived negatively by the market, potentially impacting First Development Resources PLC's share price due to the reduced stake from a major investor.
Select text to share a quote on X · sign in to keep highlights & notes in your POW notes
| 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii : | First Development Resources PLC |
- Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
- Reason for the notification (please mark the appropriate box or boxes with an "X")
An acquisition or disposal of voting rights
An acquisition or disposal of financial instruments
| An event changing the breakdown of voting rights | X |
Other (please specify) iii :
Details of person subject to the notification obligation iv
| Name | Power Metal Resources PLC |
| City and country of registered office (if applicable) | London, England |
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 : | 31.10.25 |
| 6. Date on which issuer notified (DD/MM/YYYY): | 31.10.25 |
- Total positions of person(s) subject to the notification obligation
| Resulting situation on the date on which threshold was crossed or reached | 33.0% | 33.0% | 45,987,594 |
| Position of previous notification (if applicable) | 43.44% | 43.44% | |
| A: Voting rights attached to shares | |||
| Class/type of shares ISIN code (if possible) | Number of voting rights ix | % of voting rights | |
| Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) | Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) | Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) |
| GB00BPQY8R36 | 45,987,594 | 33.0% | |
| SUBTOTAL 8. A | 45,987,594 | 33.0% | |
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))
SUBTOTAL 8. B 1
SUBTOTAL 8.B.2
| Power Metal Resources PLC ("POW") | 33.0% | 33.0% |
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
| Place of completion | London, England |
|---|---|
| Date of completion | 31.10.2025 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.