Robert Friedland Provides Update on Previously Disclosed Ivanhoe Mines' Shareholdings
Robert Friedland has provided an update on his shareholdings in Ivanhoe Mines following previously disclosed transactions from August 18, 2023. A wholly-owned subsidiary has pledged 62,700,000 common shares (4.64% of outstanding shares) as security to a U.S. commercial bank for personal financing transactions. This represents less than a 2% increase in pledged shares since the last disclosure.
Friedland currently owns, through wholly-owned subsidiaries and directly, 163,229,617 common shares (12.08% of outstanding shares). Including potential shares from options, restricted share units, and performance share units, his ownership could reach 167,706,290 shares (12.37% on a partially-diluted basis). He retains ownership rights over the pledged shares and intends to settle transactions in cash. Future share transfers for estate planning purposes will not exceed 8.8% of outstanding shares.
Robert Friedland ha fornito un aggiornamento sulle sue partecipazioni in Ivanhoe Mines a seguito di transazioni precedentemente comunicate il 18 agosto 2023. Una sussidiaria interamente controllata ha impegnato 62.700.000 azioni ordinarie (4,64% delle azioni in circolazione) come garanzia a una banca commerciale statunitense per transazioni di finanziamento personale. Questo rappresenta meno del 2% di incremento delle azioni impegnate dalla scorsa comunicazione.
Friedland attualmente possiede, attraverso sussidiarie interamente controllate e direttamente, 163.229.617 azioni ordinarie (12,08% delle azioni in circolazione). Compresi le potenziali azioni derivanti da opzioni, unità di azioni ristrette e unità di azioni basate sulle performance, la sua proprietà potrebbe raggiungere 167.706.290 azioni (12,37% su base parzialmente diluita). Mantiene i diritti di proprietà sulle azioni impegnate e intende regolare le transazioni in contante. I futuri trasferimenti di azioni per scopi di pianificazione successoria non supereranno l'8,8% delle azioni in circolazione.
Robert Friedland ha proporcionado una actualización sobre sus participaciones en Ivanhoe Mines tras las transacciones previamente reveladas el 18 de agosto de 2023. Una subsidiaria de propiedad total ha comprometido 62.700.000 acciones comunes (4,64% de las acciones en circulación) como garantía ante un banco comercial de EE. UU. para transacciones de financiamiento personal. Esto representa menos de un 2% de aumento en las acciones comprometidas desde la última divulgación.
Friedland actualmente posee, a través de subsidiarias de propiedad total y directamente, 163.229.617 acciones comunes (12,08% de las acciones en circulación). Incluyendo acciones potenciales de opciones, unidades de acciones restringidas y unidades de acciones de rendimiento, su propiedad podría alcanzar las 167.706.290 acciones (12,37% en una base parcialmente diluida). Mantiene derechos de propiedad sobre las acciones comprometidas y tiene la intención de liquidar las transacciones en efectivo. Las futuras transferencias de acciones para propósitos de planificación patrimonial no excederán el 8,8% de las acciones en circulación.
로버트 프리드랜드는 2023년 8월 18일에 공개된 거래에 이어 이반호 광업에서의 자신의 주식 보유 현황을 업데이트했습니다. 전액 소유된 자회사가 개인 금융 거래를 위해 미국 상업은행에 62,700,000주(발행주식의 4.64%)를 담보로 제공했습니다. 이는 지난 공시 이후 담보로 제공된 주식이 2% 미만 증가한 것입니다.
프리드랜드는 현재 전액 소유 자회사 및 직접적으로 163,229,617주(발행주식의 12.08%)를 보유하고 있습니다. 옵션, 제한 주식 단위 및 성과 기반 주식 단위로부터의 잠재적 주식을 포함하면 그의 소유권은 167,706,290주(부분 희석 기준으로 12.37%)에 이를 수 있습니다. 그는 담보로 제공된 주식에 대한 소유권을 유지하며 거래를 현금으로 정산할 계획입니다. 재산 계획을 위한 미래의 주식 양도는 발행 주식의 8.8%를 초과하지 않을 것입니다.
Robert Friedland a fourni une mise à jour sur ses participations dans Ivanhoe Mines suite aux transactions précédemment divulguées le 18 août 2023. Une filiale à 100 % a engagé 62 700 000 actions ordinaires (4,64 % des actions en circulation) en garantie auprès d'une banque commerciale américaine pour des transactions de financement personnel. Cela représente une augmentation de moins de 2 % des actions engagées depuis la dernière divulgation.
Friedland possède actuellement, à travers des filiales entièrement détenues et directement, 163 229 617 actions ordinaires (12,08 % des actions en circulation). En incluant les actions potentielles provenant d'options, d'unités d'actions restreintes et d'unités d'actions de performance, sa participation pourrait atteindre 167 706 290 actions (12,37 % sur une base partiellement diluée). Il conserve les droits de propriété sur les actions engagées et entend régler les transactions en espèces. Les futurs transferts d'actions à des fins de planification successorale ne dépasseront pas 8,8 % des actions en circulation.
Robert Friedland hat ein Update zu seinen Beteiligungen an Ivanhoe Mines gegeben, das auf zuvor veröffentlichten Transaktionen vom 18. August 2023 basiert. Eine hundertprozentige Tochtergesellschaft hat 62.700.000 Stammaktien (4,64 % der ausstehenden Aktien) als Sicherheit an eine US-Bank für persönliche Finanzierungstransaktionen verpfändet. Dies stellt eine Steigerung von weniger als 2 % der verpfändeten Aktien seit der letzten Mitteilung dar.
Friedland besitzt derzeit, sowohl direkt als auch durch hundertprozentige Tochtergesellschaften, 163.229.617 Stammaktien (12,08 % der ausstehenden Aktien). Einschließlich möglicher Aktien aus Optionen, eingeschränkten Aktieneinheiten und leistungsabhängigen Aktieneinheiten könnte sein Besitz 167.706.290 Aktien erreichen (12,37 % auf einer teilweise verwässerten Basis). Er behält die Eigentumsrechte an den verpfändeten Aktien und beabsichtigt, die Transaktionen in bar abzuwickeln. Zukünftige Aktienübertragungen zu Nachlassplanungszwecken werden 8,8 % der ausstehenden Aktien nicht überschreiten.
- Friedland maintains all ownership rights over pledged shares
- Intent to settle transactions in cash rather than shares
- Clear limitation on future share transfers (capped at 8.8%)
- Increase in pledged shares as collateral (4.64% of outstanding shares)
- Potential future share dilution through various equity instruments
Singapore, Singapore--(Newsfile Corp. - December 31, 2024) - This news release is issued by Robert M. Friedland to provide an update regarding his holdings of class A common shares ("common shares") in Ivanhoe Mines Ltd. ("Ivanhoe Mines") following transactions that were previously disclosed on August 18, 2023.
In connection with personal financing transactions (collectively, the "Transactions") entered into by Mr. Friedland with a third-party U.S. commercial bank (the "Financial Institution") and previously disclosed, the Financial Institution has made funds available to Mr. Friedland. In support of the Transactions, a wholly-owned subsidiary of Mr. Friedland has pledged as security an aggregate of 62,700,000 common shares in favour of the Financial Institution which constitutes
This increase constitutes less than a
The Transactions have been completed in multiple tranches. At maturity, Mr. Friedland may, but is not required to, deliver common shares to the Financial Institution to settle the Transactions. Mr. Friedland also has the right to elect to settle the transaction in cash, and expects and intends to do so in all circumstances. Except for these circumstances, the commercial bank has obtained no rights to dispose of, sell, transfer or vote, any of the pledged common shares or other shares of Ivanhoe Mines. Mr. Friedland or a wholly-owned subsidiary continues to retain all rights of ownership over the pledged common shares.
Mr. Friedland may, at any time, increase or decrease the number of pledged common shares as part of the Transactions with the Financial Institution. As part of estate planning over the next five years, Mr. Friedland also intends to transfer common shares to one or more charitable trusts established or to be established. The common shares that may be subject to further pledging as a part of the Transaction and/or common shares that may be transferred as part of estate planning purposes shall not exceed
Wholly-owned subsidiaries of Mr. Friedland continue to be the registered owners of 163,046,893 common chares (which includes the Pledged Shares) and Mr. Friedland continues to directly own 182,724 common shares, which in aggregate total 163,229,617 common shares, representing in aggregate approximately
Mr. Friedland also may be deemed to own 3,993,412 common shares issuable on exercise of previously granted options, 266,793 common shares issuable upon the vesting of restricted share units and 216,468 common shares issuable upon the vesting of performance share units, and as a result may be deemed to own, in aggregate, 167,706,290 common shares, representing approximately
Mr. Friedland has a business address of 150 Beach Road, #25-03, The Gateway West, Singapore 189720.
For further information and to obtain a copy of the early warning report filed under applicable Canadian provincial securities legislation in connection with the transactions hereunder, please go to Ivanhoe Mines' profile on the SEDAR+ website (www.sedarplus.ca) or contact Sam Kenny at (604) 689-8765. Ivanhoe Mines has an office at 606-999 Canada Place, Vancouver, British Columbia, Canada, V6C 3E1.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/235707
FAQ
How many Ivanhoe Mines (IVPAF) shares did Robert Friedland pledge as security in December 2024?
What is Robert Friedland's total ownership percentage in IVPAF as of December 2024?
How will the IVPAF share pledge transactions be settled?
What is the maximum percentage of IVPAF shares that could be affected by Friedland's future transactions?
