Stewart Newton’s stake in Mkango Resources drops below 3%

Published 21/08/2025, 16:02

LONDON - Stewart Worth Newton’s ownership in Mkango Resources Limited (AIM:MKA) has fallen below the 3% threshold, according to a regulatory filing released Thursday.

Newton now holds a 2.98% stake in the company, down from a previous position of 3.62%. The change occurred on August 20, 2025, following a share issuance by the company.

According to the standard form notification of major holdings submitted to the Financial Conduct Authority, Newton directly owns 6,266,666 shares, representing 1.87% of voting rights. An additional 3,756,667 shares (1.12%) are held through Sussex Trading Co Ltd, where Newton is the ultimate beneficial owner, under the nomineeship of ROCK (Nominees) Ltd.

The reduction in Newton’s percentage ownership coincides with an increase in Mkango’s total number of voting rights from 326,266,261 to 335,992,907 shares.

The notification, filed in compliance with regulatory requirements for major shareholding disclosures, indicates the change resulted from a warrant exercise and share issuance by the company.

Mkango Resources is a non-UK issuer listed on the London Stock Exchange (LON:LSEG)’s AIM market.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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