LONDON - Vast Resources PLC, the mining and resource development company, reported a significant change in its shareholder structure. On January 15, 2025, David Ian Jones crossed the threshold, increasing his stake in the company to 12.04% of the voting rights, up from the previous notification of 9.71%.
The notification, completed in London on January 17, 2025, and sent to the company and the Financial Conduct Authority (FCA), detailed that the total number of voting rights held by Jones now amounts to 314,060,686. The acquisition of these additional voting rights triggered the disclosure requirement.
Vast Resources, with various mining projects and interests internationally, is subject to regular reporting obligations. Shareholder notifications such as this are a standard requirement for public companies in the UK, ensuring transparency in the ownership of listed companies.
The increase in Jones's shareholding represents a substantial investment in the company, reflecting confidence in Vast Resources' prospects. This movement in share ownership may be of interest to investors and the market, as major shareholders can influence company strategies and governance.
The disclosure did not indicate any changes in voting rights through financial instruments, and there were no additional details provided about the nature of the acquisition or any specific plans or strategies from the shareholder.
This report is based on a press release statement and provides an overview of the changes in the major holdings of Vast Resources PLC.
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