REG - Condor Gold PLC - Director’s Share Purchase & TVR

Condor GoldAnnouncement

17/12/2024 11:30

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RNS Number : 4315Q  Condor Gold PLC  17 December 2024

 

 

   Condor Gold plc

   7/8 Innovation Place

   Douglas Drive

   Godalming

   Surrey

   GU7 1JX

   Tel: +44 (0) 207 493 2784

17 December 2024

 

 

Condor Gold Plc

("Condor" or the "Company")

 

 

Director's Share Purchase via Exercise of Options

Issue of Equity Raising Gross Proceeds of £22,000 & TVR

 

 

Condor Gold (AIM: CNR; TSX: COG) announces that pursuant to receipt of a
notice for the exercise of options, relating to options granted in 2019 with
an exercise price of 22p (the 2019 Options) and as referred to in the
Company's Scheme Document published on 11 December 2024, from John Ian
Stalker, a Non-Executive Director (NED) of the Company, it is issuing 100,000
New Ordinary Shares with a nominal value of £0.001 each in the capital of the
Company (Shares) at a subscription price of 22p per Share.

 

A total of 100,000 Shares are to be issued to Ian Stalker. The Company has
received gross proceeds of £22,000.

 

Application has been made for the Shares to be admitted to trading on AIM
(Admission), with Admission expected to occur on or around 20 December 2024.

 

The Shares will rank pari passu with the existing Ordinary Shares, including
the right to receive all dividends and other distributions declared after the
date of their issue.

 

Director Shareholding

 

Ian Stalker, NED, is to be issued 100,000 ordinary shares and will therefore
now in conjuction with Promaco Consulting Services Limited, a company
beneficially owned by Ian Stalker and Promaco Limited, a trust of which Ian
Stalker is a potential beneficiary, own 476,894 ordinary shares in the capital
of the Company representing 0.23% of the Company's issued ordinary shares
following the issue of the Shares.

 

 

Total Voting Rights

Following Admission of the Shares, the Company will have 204,542,778 ordinary
shares with a nominal value of £0.001 each in issue with voting rights and
admitted to trading on AIM and the TSX. This figure may then be used by
shareholders in the Company as the denominator for the calculation by which
they will determine if they are required to notify their interest in, or a
change to their interest in, the share capital of the Company under the
Financial Conduct Authority's Disclosure and Transparency Rules and National
Instrument 62-103 - The Early Warning System and Related Take-Over Bid and
Insider Reporting Rules of the Canadian securities administrators.

 

The notification below, made in accordance with the requirements of the EU
Market Abuse Regulations, provides further detail in respect of the
transaction as described above.

 

MAR DISCLOSURE

 

Ian Stalker

 

 1   Details  of  the  person  discharging  managerial  responsibilities  /
      person  closely associated
 a)  Name                                                         John Ian Stalker
 2   Reason for notification
 a)  Position / status                                            Non-Executive Director

 b)  Initial notification                                         Initial

     /Amendment
 3   Details of the issuer,  emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         Condor Gold plc

 b)  LEI                                                          213800PFKETQA86RHL82

 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument, type of instrument  100,000 Ordinary shares of £0.001 each in Condor Gold plc

     Identification code

                                                                  ISIN GB00B8225591

     Nature of the transaction                                    Purchase of Ordinary shares as described above

 c)  Price(s) and volumes(s)

Price(s)    Volumes(s)
                                                                   22 pence   100,000

 

 d)  Aggregated information                                       n/a
 e)  Date of the transaction                                      16 December 2024
 f)  Place of the transaction                                     London Stock Exchange, AIM (XLON)

 

 

d)

Aggregated information

n/a

e)

Date of the transaction

16 December 2024

f)

Place of the transaction

London Stock Exchange, AIM (XLON)

 

 

- Ends -

 

For further information please visit www.condorgold.com or contact:

 Condor Gold plc                           Mark Child, CEO

                                           +44 (0) 20 7493 2784
 Beaumont Cornish Limited                   Roland Cornish and James Biddle

                                           +44 (0) 20 7628 3396
 SP Angel Corporate Finance LLP            Ewan Leggat

+44 (0) 20 3470 0470
 H&P Advisory Limited                      Andrew Chubb, Matt Hasson, Jay Ashfield

                                           +44 207 907 8500
 Cassopedia Limited  Stefania Barbaglio    Stefania Barbaglio

                                           +44 7949 690338
           +44 7949690338

Stefania Barbaglio

+44 7949 690338

 

Neither the Toronto Stock Exchange nor the London Stock Exchange, nor any
other securities regulatory authority, has approved or disapproved of the
contents of this announcement.

 

Important information

 

This announcement is not intended to, and does not, constitute, represent or
form part of any offer, invitation or solicitation of an offer to purchase,
otherwise acquire, subscribe for, sell or otherwise dispose of any securities
or the solicitation of any vote or approval in any jurisdiction whether
pursuant to this announcement or otherwise.

 

The distribution of this announcement in jurisdictions outside the UK may be
restricted by law and therefore persons into whose possession this
announcement comes should inform themselves about, and observe, such
restrictions. Any failure to comply with the restrictions may constitute a
violation of the securities law of any such jurisdiction.

 

Beaumont Cornish ("BCL"), which is regulated by the Financial Conduct
Authority ("FCA"), is acting as financial adviser exclusively for Condor and
for no one else in connection with the matters referred to in this
announcement and will not be responsible to anyone other than Condor for
providing the protections afforded to its clients or for providing advice in
relation to the matters referred to in this announcement. Neither BCL, nor any
of its affiliates, owes or accepts any duty, liability or responsibility
whatsoever (whether direct or indirect, whether in contract, in tort, under
statute or otherwise) to any person who is not a client of BCL in connection
with this announcement, any statement contained herein or otherwise.

 

SP Angel Corporate Finance LLP ("SP Angel"), which is regulated by the FCA, is
acting as adviser exclusively for Condor and for no one else in connection
with the matters referred to in this announcement and will not be responsible
to anyone other than Condor for providing the protections afforded to its
clients or for providing advice in relation to the matters referred to in this
announcement. Neither SP Angel, nor any of its affiliates, owes or accepts
any duty, liability or responsibility whatsoever (whether direct or indirect,
whether in contract, in tort, under statute or otherwise) to any person who is
not a client of SP Angel in connection with this announcement, any statement
contained herein or otherwise.

 

H&P Advisory Limited ("H&P"), which is regulated by the FCA, is
acting as adviser exclusively for Condor and for no one else in connection
with the matters referred to in this announcement and will not be responsible
to anyone other than Condor for providing the protections afforded to its
clients or for providing advice in relation to the matters referred to in this
announcement. Neither H&P, nor any of its affiliates, owes or accepts any
duty, liability or responsibility whatsoever (whether direct or indirect,
whether in contract, in tort, under statute or otherwise) to any person who is
not a client of H&P in connection with this announcement, any statement
contained herein or otherwise.

 

MAR

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulations
(EU) No. 596/2014 as it forms part of UK Domestic Law by virtue of the
European Union (Withdrawal) Act 2018.  The person responsible for releasing
this statement on behalf of the Company is Mark Child.

 

 

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