REG - SolGold PLC - Statement re Litigation with Ex-CEO

SolGoldAnnouncement

21/02/2025 10:15

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RNS Number : 0468Y  SolGold PLC  21 February 2025

21 February 2025

SolGold plc

(05449516)

("SolGold" or the "Company")

 

Litigation with Ex-CEO

The Board of Directors of SolGold (LSE & TSX: SOLG) makes the following
statement in relation to the litigation proceedings between Darryl Cuzzubbo v
SolGold plc and Ors. (QUD112/2023):

(i) the proceedings between Mr Cuzzubbo and SolGold and its current and former
directors have been resolved by way of settlement;

(ii) SolGold no longer contends that Mr Cuzzubbo engaged in any serious
misconduct during his employment;

(iii) the parties agree that, at the time of Mr Cuzzubbo's termination, his
view as to the company's operation differed to that of the Board of SolGold;
and

(iv) a payment was made by SolGold to Mr Cuzzubbo in respect of the settlement
and the terms of settlement are otherwise confidential.

CONTACT:

 Ryan Wilson

 General Counsel   Tel: +44 (0) 20 3807 6996

 SolGold plc

 

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