REG - Golden Prospect Prec Golden Prospect-GPSS - Entry into Standstill Agreement

Golden Prospect Precious MetalsAnnouncement

Tue 07:00

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RNS Number : 0917P  Golden Prospect Precious Metals Ltd  01 July 2025

THIS ANNOUNCEMENT CONTAINS INFORMATION THAT IS INSIDE INFORMATION FOR THE
PURPOSES OF ARTICLE 7 OF THE UK VERSION OF REGULATION (EU) No. 5985/2014 WHICH
IS PART OF UK LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS
AMENDED

GOLDEN PROSPECT PRECIOUS METALS LIMITED

LEI: 549300SD5YLRIUMG395

1 July 2025

Entry into Standstill Agreement

The Company is pleased to announce that, following constructive engagement
with Saba Capital Management, L.P. ("Saba"), it has agreed the terms of a
Standstill Agreement.

Under the terms of the Standstill Agreement, Saba has agreed, amongst other
things: that Saba shall not, and shall procure that its affiliates shall not,
during the Standstill Period (i) require the Board to convene a general
meeting of the Company pursuant to Guernsey law; or (ii) exercise any voting
rights available to remove, or publicly propose the removal of, any member of
the Board. In addition, until the expiry or termination of the Standstill
Period, Saba shall not, and shall use its reasonable endeavours to procure
that its affiliates shall not, vote against the recommendation of the Board on
specified ordinary course resolutions proposed at a general meeting or annual
general meeting of the Company.

The Standstill Agreement shall have effect until the Company's AGM in 2028.

Toby Birch, Chairman, said: "The Board welcomes the agreement reached with
Saba and will maintain its clarity of focus on the best future outcomes for
shareholders."

 Enquiries
 Manulife | CQS Investment Management

 Craig Cleland                                        +44 (0) 20 7201 5368
 Cavendish Capital Markets Limited

 Robert Peel (Corporate Finance)                      +44 (0) 20 7908 6000

 Daniel Balabanoff / Pauline Tribe (Sales)            +44 (0) 20 7720 0500
 Apex Fund and Corporate Services (Guernsey) Limited

 James Taylor / Harriet Roberts                       +44 (0) 203 5303 600
 Tavistock

 Jos Simson / Gareth Tredway / Ruairi Millar          +44 (0) 20 7920 3150

 

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