Holding(s) in Company
Reykjavík, Nov. 24, 2025 (GLOBE NEWSWIRE) -- TR-1: 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 attached: | Amaroq Ltd. | |||||
| 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 | X | |||||
| An acquisition or disposal of financial instruments | X | |||||
| An event changing the breakdown of voting rights | ||||||
| Other (please specify): | ||||||
| 3. Details of person subject to the notification obligation | ||||||
| Name | Kvika banki hf. | |||||
| City and country of registered office (if applicable) | Reykjavík, Iceland | |||||
| 4. Full name of shareholder(s) (if different from 3.) | ||||||
| Name | ||||||
| City and country of registered office (if applicable) | ||||||
| 5. Date on which the threshold was crossed or reached: | 19.11.2025 | |||||
| 6. Date on which issuer notified (DD/MM/YYYY): | 20.11.2025 | |||||
| 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 (8.A + 8.B) | |||
| Resulting situation on the date on which threshold was crossed or reached | 3.14% | 14,250,646 | ||||
| Position of previous notification (if applicable) | 2.98% | 11,971,576 | ||||
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached | ||||||||
| A: Voting rights attached to shares | ||||||||
| Class/type of shares ISIN code (if possible) | Number of voting rights | % of voting rights | ||||||
| Direct (DTR5.1) | Indirect (DTR5.2.1) | Direct (DTR5.1) | Indirect (DTR5.2.1) | |||||
| CA02312A1066 | 13,232,016 | 1,018,630 | 2,91% | 0,22% | ||||
| SUBTOTAL 8. A | 14,250,646 | 3,14% | ||||||
| B 1: Financial Instruments according to DTR5.3.1R (1) (a) | ||||||||
| Type of financial instrument | Expiration date | Exercise/Conversion Period | 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 | Exercise/ Conversion Period | Physical or cash Settlement | 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 | ||||
| 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 (please add additional rows as necessary) | X | |||
| Name | % 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 | |
| Kvika banki hf. Kvika Asset Management | 1,22% 1,70% | 0,22% | 1,22% (5,520,331) 1,92% (8,730,315) | |
| 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 | ||||
| Place of completion | Reykjavik, Iceland |
| Date of completion | 24.11.2025 |
Enquiries:
Amaroq Ltd.
Ed Westropp, Head of BD and Corporate Affairs
+44 (0)7385 755711
Eddie Wyvill, Corporate Development
+44 (0)7713 126727
Panmure Liberum Limited (Nominated Adviser and Corporate Broker)
Scott Mathieson
Freddie Wooding
+44 (0) 20 7886 2500
Canaccord Genuity Limited (Corporate Broker)
James Asensio
Harry Rees
+44 (0) 20 7523 8000
Camarco (Financial PR)
Billy Clegg
Elfie Kent
Fergus Young
+44 (0) 20 3757 4980
Further Information:
About Amaroq
Amaroq’s principal business objectives are the identification, acquisition, exploration, and development of gold and strategic metal properties in South Greenland. The Company’s principal asset is a 100% interest in the Nalunaq Gold mine. The Company has a portfolio of gold and strategic metal assets in Southern Greenland covering the two known gold belts in the region as well as advanced exploration projects at Stendalen and the Sava Copper Belt exploring for Strategic metals such as Copper, Nickel, Rare Earths and other minerals. Amaroq is continued under the Business Corporations Act (Ontario) and wholly owns Nalunaq A/S, incorporated under the Greenland Companies Act.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Inside Information
This announcement does not contain inside information.
