Golden Prospect Prec Golden Prospect-GPSS - Outstanding Subscription Rights

Golden Prospect Precious Metals

06/12/2024 07:00

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RNS Number : 0374P  Golden Prospect Precious Metals Ltd  06 December 2024

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

 Manulife | CQS Investment Management

 Craig Cleland                                    +44 (0) 20 7201 5368

 Cavendish Capital Markets Limited

 Tunga Chigovanyika (Corporate Finance)           +44 (0) 20 7397 1915

 Daniel Balabanoff / Pauline Tribe (Sales)        +44 (0) 20 7720 0500

 Apex Administration (Guernsey) Limited

 James Taylor                                     +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
(https://ncim.co.uk/golden-prospect-precious-metals-ltd/) .

 

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