REG - Golden Prospect Prec Golden Prospect-GPSS - Net Asset Value(s)

Golden Prospect Precious MetalsAnnouncement

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RNS Number : 6465P  Golden Prospect Precious Metals Ltd  03 July 2025

Golden Prospect Precious Metals Limited

(the "Company")

 

Net Asset Value

Golden Prospect Precious Metals Limited (LSE: GPM) announces that as at the
close of business on 02 July 2025 its unaudited net asset value ("NAV") per
ordinary share ("Share") was as follows:

 Date of announcement                       3 July 2025

 Date of NAV                                2 July 2025
 NAV per share - undiluted, bid basis       67.85 pence per share
 NAV per share - fully diluted*, bid basis  64.54 pence per share
 No of shares in issue                      93,248,499

 Subscription Exercise Price                48.00 pence per share
 Next subscription date                     1 December 2025

*The dilution is in relation to the effect of the Company's embedded annual
Subscription Right. Shareholders should note that the dilution refers to the
NAV per share dilution, not to the dilution of Shareholders' holdings in the
Company. All Shareholders have the right to take up their subscription rights
on 1 December in each year (the "Record Date") and those who do take them up
don't have their percentage holding in the company diluted. For those
investors who don't take up their subscription rights, the Company endeavours
to place in the market the shares that they were entitled to subscribe for,
and then return the net sale proceeds to those investors as a way to deliver
to them as much as possible of the value of their subscription rights,
therefore reducing the dilution effect of not subscribing.

About the annual Subscription Right:

Shareholders have the right to subscribe for one new Ordinary Share for every
five Ordinary Shares held in the Company on the Record Date, as outlined in
the circular published on 4 November 2022. The exercise price is equal to the
undiluted NAV per share on 30 November one year prior. The aim of the
programme is to enable to Company to grow through share issuance and it is
subject to shareholder review at the annual general meeting ("AGM") in 2027
and at every fifth subsequent AGM thereafter.

 

 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

 

 

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. The
Company's investment objective is to provide Shareholders with capital growth
from a portfolio of companies involved in the 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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