Outstanding Subscription Rights
Updated : 07:01
6 December 2024
Golden Prospect Precious Metals Limited
(the "Company")
Outstanding Subscription Rights
The Company announced on 4 December 2024 the result of this year's one for five Subscription Right Exercise for Ordinary Shares (7,745,478 new Ordinary Shares subscribed for at 35.94 pence) and that a Subscription Trustee had been appointed to consider the issue of unexercised subscription rights (9,355,094 new Ordinary Shares not subscribed for).
Today the Company advises that, having consulted with Cavendish Capital Markets Limited, the Company's broker and financial adviser, it has been resolved that no outstanding subscription rights will be exercised.
Accordingly, the total number of Ordinary Shares the Company will be issuing under this year's subscription rights programme is 7,745,478, subject to admission to trading. Application will be made for the new Ordinary Shares to be admitted to trading on The International Stock Exchange ("TISE") and to trading on the London Stock Exchange's SETSqx platform. It is expected that dealings will commence at 8.00 a.m. on 10 December 2024.
Total Voting Rights
For the purposes of the Financial Conduct Authority's Disclosure Guidance and Transparency Rules ("DTRs"), following Admission the issued ordinary share capital of the Company will consist of 93,248,499 Ordinary Shares with voting rights attached. This figure of 93,248,499 may be used by the Company's shareholders as the denominator for the calculation by which they will determine whether they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the DTRs.
Enquiries
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Manulife | CQS Investment Management Craig Cleland
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+44 (0) 20 7201 5368 |
Cavendish Capital Markets Limited Tunga Chigovanyika (Corporate Finance) Daniel Balabanoff / Pauline Tribe (Sales)
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+44 (0) 20 7397 1915 +44 (0) 20 7720 0500 |
Apex Administration (Guernsey) Limited James Taylor
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+44 (0) 203 5303 600 |
Tavistock Jos Simson / Gareth Tredway / Ruairi Millar |
+44 (0) 20 7920 3150 |
About Golden Prospect Precious Metals
Golden Prospect Precious Metals Limited is a closed-ended investment company incorporated with limited liability in Guernsey on 16 October 2006, which was established to provide a listed entity for investors to gain exposure to the Company's investment strategy within the gold and precious metals sector.
For the latest factsheet and other information, click here.
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