Notification of Shareholder and Director Holdings

RNS Number : 4113F

Upland Resources Limited

04 November 2022

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN

This announcement is not an offer for sale, or a solicitation of an offer to acquire, securities in any jurisdiction, including in or into the United States, Canada, Australia, or Japan. Neither this announcement nor any part of it shall form the basis of or be relied on in connection with or act as an inducement to enter into any contract or commitment whatsoever.

4^th November 2022

UPLAND RESOURCES LIMITED

("Upland" or the "Company")

Notification of Shareholder and Director Holdings

Upland Resources Limited (LSE: UPL), announces that subsequent to shares issued on 2 November 2022 in relation to its recently announced capital raise ("the event"), that it has received the following TR1 notification of major holding form from Leigh Allen which is attached in full below.

In addition, the company notes the following changes in percentage shareholding of total issued stock (by way of dilution) in the Company applies to the following directors:

Shares Held

% shareholding prior to event

% shareholding subsequent to event

Bolhassan Di (CEO and Chairman)

16,634,620

2.42%

2.05%

Aimi Nasharuddin (Director)

14,730,770

2.14%

1.82%

**Ends**

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedⁱⁱ:			Upland Resources Limited
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
Non-UK issuer						X
2. 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:
3. Details of person subject to the notification obligation^iv
Name			Leigh James Allen
City and country of registered office (if applicable)
4. 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:			2/11/2022
6. Date on which issuer notified (DD/MM/YYYY):			2/11/2022
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^vii
Resulting situation on the date on which threshold was crossed or reached	37,500,000			4.62%	37,500,000
Position of previous notification (if applicable)	35,000,000			5.10%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached^viii
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)
JE00BJXN4P16		37,500,000					4.62%


SUBTOTAL 8. A		37,500,000					4.62%

B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial instrument		Expiration date^x	Exercise/ Conversion Period^xi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights



			SUBTOTAL 8. B 1

B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
Type of financial instrument	Expiration date^x		Exercise/ Conversion Period ^xi		Physical or cash settlement^xii			Number of voting rights	% of voting rights



					SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer^xiii				X
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 entity^xiv (please add additional rows as necessary)
Name^xv	% 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






10. 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

11. Additional information^xvi

Place of completion	St John, Jersey
Date of completion	2 November 2022

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END

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RNS Number : 4113F

Upland Resources Limited

04 November 2022

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN

4^th November 2022

UPLAND RESOURCES LIMITED

("Upland" or the "Company")

Notification of Shareholder and Director Holdings

In addition, the company notes the following changes in percentage shareholding of total issued stock (by way of dilution) in the Company applies to the following directors:

Shares Held

% shareholding prior to event

% shareholding subsequent to event

Bolhassan Di (CEO and Chairman)

16,634,620

2.42%

2.05%

Aimi Nasharuddin (Director)

14,730,770

2.14%

1.82%

**Ends**

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedⁱⁱ:			Upland Resources Limited
1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)
Non-UK issuer						X
2. 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:
3. Details of person subject to the notification obligation^iv
Name			Leigh James Allen
City and country of registered office (if applicable)
4. 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:			2/11/2022
6. Date on which issuer notified (DD/MM/YYYY):			2/11/2022
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^vii
Resulting situation on the date on which threshold was crossed or reached	37,500,000			4.62%	37,500,000
Position of previous notification (if applicable)	35,000,000			5.10%

8. Notified details of the resulting situation on the date on which the threshold was crossed or reached^viii
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)
JE00BJXN4P16		37,500,000					4.62%


SUBTOTAL 8. A		37,500,000					4.62%

B 1: Financial Instruments according to DTR5.3.1R (1) (a)
Type of financial instrument		Expiration date^x	Exercise/ Conversion Period^xi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights



			SUBTOTAL 8. B 1

B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
Type of financial instrument	Expiration date^x		Exercise/ Conversion Period ^xi		Physical or cash settlement^xii			Number of voting rights	% of voting rights



					SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer^xiii				X
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 entity^xiv (please add additional rows as necessary)
Name^xv	% 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






10. 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

11. Additional information^xvi

Place of completion	St John, Jersey
Date of completion	2 November 2022

END

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TIDM	UPL
Share Price	3.05p6.90%
Market Cap	£49.62m

Date	4 Nov 2022
Time	13:00:01
Category	Holding(s) in company
ID	4113F

TIDM	UPL
Share Price	3.05p6.90%
Market Cap	£49.62m

Date	4 Nov 2022
Time	13:00:01
Category	Holding(s) in company
ID	4113F

t

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Notification of Shareholder and Director Holdings

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