REG - Condor Gold PLC - Form 8 (DD) - Condor Gold Plc

Condor GoldAnnouncement

13/01/2025 16:00

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RNS Number : 1367T  Condor Gold PLC  13 January 2025

 

 

   Condor Gold plc

   7/8 Innovation Place

   Douglas Drive

   Godalming

   Surrey

   GU7 1JX

   Tel: +44 (0) 207 493 2784

13 January 2025

 

 

Condor Gold Plc

("Condor" or the "Company")

 

 

Form 8 (DD)

 

 

FORM 8 (DD)

 

PUBLIC DEALING DISCLOSURE BY A PARTY TO AN OFFER OR PERSON ACTING IN CONCERT
(INCLUDING DEALINGS FOR THE ACCOUNT OF DISCRETIONARY INVESTMENT CLIENTS)

Rules 8.1, 8.2 and 8.4 of the Takeover Code (the "Code")

 

1.         KEY INFORMATION

 

 (a) Full name of discloser:                                                     John Ian Stalker
 (b) Owner or controller of interests and short positions disclosed, if
 different from 1(a):

      The naming of nominee or vehicle companies is insufficient.  For a
 trust, the trustee(s), settlor and beneficiaries must be named.
 (c) Name of offeror/offeree in relation to whose relevant securities this form  Condor Gold Plc
 relates:

      Use a separate form for each offeror/offeree
 (d) Status of person making the disclosure:                                     Non-Executive Director of Condor Gold Plc (Offeree)

      e.g. offeror, offeree, person acting in concert with the
 offeror/offeree (specify name of offeror/offeree)
 (e) Date dealing undertaken:                                                    13 January 2025
 (f)  In addition to the company in 1(c) above, is the discloser making          NO
 disclosures in respect of any other party to the offer?

      If it is a cash offer or possible cash offer, state "N/A"

 

2.         POSITIONS OF THE PERSON MAKING THE DISCLOSURE

 

If there are positions or rights to subscribe to disclose in more than one
class of relevant securities of the offeror or offeree named in 1(c), copy
table 2(a) or (b) (as appropriate) for each additional class of relevant
security.

 

(a)        Interests and short positions in the relevant securities of
the offeror or offeree to which the disclosure relates following the dealing

 

 Class of relevant security:                                          Ordinary Shares of 0.1p

                                                                      Interests        Short positions

                                                                      Number   %       Number    %
 (1) Relevant securities owned and/or controlled:                     776,894  0.38%
 (2) Cash-settled derivatives:

 (3) Stock-settled derivatives (including options) and agreements to
 purchase/sell:
                                                                      776,894  0.38%

      TOTAL:

 

All interests and all short positions should be disclosed.

 

Details of any open stock-settled derivative positions (including traded
options), or agreements to purchase or sell relevant securities, should be
given on a Supplemental Form 8 (Open Positions).

 

Details of any securities borrowing and lending positions or financial
collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

 

(b)        Rights to subscribe for new securities (including directors'
and other employee options)

 

 Class of relevant security in relation to which subscription right exists:   2,000,000 Options- as follows:

John Ian Salker  Exercise Price (p)  Grant Date    Latest Exercise Date  Number of Options
                                                                                       42                  01 June 2020  31 May 2025           300,000
                                                                                       48                  01 June 2021  31 May 2026           400,000
                                                                                       28.5                13 Sept 2022  13 Sept 2027          300,000
                                                                                       28                  29 May 2024   29 May 2029           1,000,000
 Details, including nature of the rights concerned and relevant percentages:

Details, including nature of the rights concerned and relevant percentages:

 

 

3.         DEALINGS BY THE PERSON MAKING THE DISCLOSURE

 

Where there have been dealings in more than one class of relevant securities
of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as
appropriate) for each additional class of relevant security dealt in.

 

The currency of all prices and other monetary amounts should be stated.

 

(a)        Purchases and sales

 

(i)         Party to an offer or person acting in concert (except for
a principal trader in the same group as a connected adviser)

 

 Class of relevant security  Purchase/sale  Number of securities  Price per unit

 

(ii)        Principal trader where the sole reason for the connection
is that the principal trader is in the same group as a connected adviser

 

 Class of relevant security  Purchases/ sales  Total number of securities  Highest price per unit paid/received  Lowest price per unit paid/received

 

(b)        Cash-settled derivative transactions

 

 Class of relevant security  Product description  Nature of dealing                                                              Number of reference securities  Price per unit

                             e.g. CFD             e.g. opening/closing a long/short position, increasing/reducing a long/short
                                                  position

 

(c)        Stock-settled derivative transactions (including options)

 

(i)         Writing, selling, purchasing or varying

 

 Class of relevant security  Product description e.g. call option  Writing, purchasing, selling, varying etc.  Number of securities to which option relates  Exercise price per unit  Type                           Expiry date  Option money paid/ received per unit

                                                                                                                                                                                      e.g. American, European etc.

 

(ii)        Exercise

 

 Class of relevant security  Product description  Exercising/ exercised against  Number of securities  Exercise price per unit

                             e.g. call option
 Oridnary Shares of 0.1p     Option               Exercised                      300,000               23p per Ordinary Share

 

(d)        Other dealings (including subscribing for new securities)

 

 Class of relevant security  Nature of dealing               Details  Price per unit (if applicable)

                             e.g. subscription, conversion

 

 

4.         OTHER INFORMATION

 

(a)        Indemnity and other dealing arrangements

 

 Details of any indemnity or option arrangement, or any agreement or
 understanding, formal or informal, relating to relevant securities which may
 be an inducement to deal or refrain from dealing entered into by the party to
 the offer or person acting in concert making the disclosure and any other
 person:

 Irrevocable commitments and letters of intent should not be included.  If
 there are no such agreements, arrangements or understandings, state "none"
 None

 

(b)        Agreements, arrangements or understandings relating to
options or derivatives

 

 Details of any agreement, arrangement or understanding, formal or informal,
 between the party to the offer or person acting in concert making the
 disclosure and any other person relating to:

 (i)  the voting rights of any relevant securities under any option; or

 (ii) the voting rights or future acquisition or disposal of any relevant
 securities to which any derivative is referenced:

 If there are no such agreements, arrangements or understandings, state "none"
 None

 

(c)        Attachments

 

Are any Supplemental Forms attached?

 

 Supplemental Form 8 (Open Positions)  NO
 Supplemental Form 8 (SBL)             NO

 

 

 Date of disclosure:  13 January 2025
 Contact name:        John Ian Stalker
 Telephone number:    +44 (0) 20 7493 2784

 

 

 

 

- 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

                                 +44 7949690338

 

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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