REG - Capital Limited - Direct Investment Update

CapitalAnnouncement

03/05/2023 07:00

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RNS Number : 1698Y  Capital Limited  03 May 2023

 For Immediate Release  03 May 2023

 

Capital Limited

("Capital", the "Group" or the "Company")

 

Direct Investments Update

Capital (LSE: CAPD), a leading mining services company, today provides an
update of its investment holding in Allied Gold.

Allied Gold Corp Limited ("Allied Gold") has recently announced plans of a
public listing in North America and the expansion of its executive team
(Allied Gold release source (https://www.newsfilecorp.com/release/163921) ).
As per Allied Gold's release, this information only represents Allied Gold's
belief of future events and therefore there is no assurance that the proposed
transactions will occur.

Capital's current effective interest in Allied Gold is 1.55% (pre any
potential further transactions highlighted in the Allied Gold's release),
which we account for within unlisted (Level 3) investments. At the end of
2022, unlisted investments accounted for $8.3 million out of our total
portfolio of $38.7 million, with Allied Gold making up the majority of the
unlisted portion.

- ENDS -

 

For further information, please visit Capital Limited's website
www.capdrill.com or contact:

 

Capital Limited
 
+230 464 3250

Jamie Boyton, Executive Chairman
 
investor@capdrill.com

Peter Stokes, Chief Executive
Officer

Rick Robson, Chief Financial Officer

Conor Rowley, Investor Relations & Corporate Development Manager

 

Tamesis Partners LLP
 
+44 20 3882 2868

Charlie Bendon

Richard Greenfield

 

Stifel Nicolaus Europe Limited
 
+44 20 7710 7600

Ashton Clanfield

Callum Stewart

Rory Blundell

 

Buchanan
 
+44 20 7466 5000

Bobby
Morse
                   capital@buchanan.uk.com

George Pope

 

About Capital Limited

 

Capital Limited is a leading mining services company providing a complete
range of drilling, mining, maintenance and geochemical laboratory solutions to
customers within the global minerals industry, focusing on the African
markets. The Company's services include: exploration, delineation and
production drilling; load and haul services; maintenance; and geochemical
analysis. The Group's corporate headquarters are in Mauritius and it has
established operations in Côte d'Ivoire, Canada, Democratic Republic of
Congo, Egypt, Guinea, Kenya, Mali, Mauritania, Nigeria, Pakistan, Saudi
Arabia, Sudan and Tanzania.

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