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| TIDM | GPM |
| Share Price | 114.00p1.82% |
| Market Cap | £92.80m |
Golden Prospect Precious Metals Limited announced on 4 December 2024 that the third Subscription Rights Price has been set at 48.00 pence, based on the Company's Net Asset Value on 2 December 2024. Shareholders have the right to subscribe for one new Ordinary Share for every five Ordinary Shares held on 30 November each year, with the expected exercise date for this third right being 1 December 2025.
| Date | 4 Dec 2024 |
| Time | 08:00:00 |
| Category | Capital structure |
| ID | 6700O |
4 December 2024
Golden Prospect Precious Metals Limited
(the "Company")
Notification to Shareholders in regard to the 2025 Subscription Rights
Shareholders are reminded that they have the right to subscribe for one new Ordinary Share for every five Ordinary Shares held in the Company on 30 November each year, as outlined in the circular published and sent to shareholders on 4 November 2022.
The Company announces the third Subscription Rights Price as being set at 48.00 pence, being the NAV of the Company on 2 December 2024 (given that 30 November 2024 was a non-trading day). The exercise date for the third Subscription Right is expected to be Monday 1 December 2025.
The new Ordinary Shares subscribed for will be issued within 14 Business Days of the relevant Subscription Date to those Shareholders in whose name the Ordinary Shares are registered on the Subscription Date.
The Board reserves its right to reject subscriptions for Ordinary Shares if the share price is equal to or lesser than the Subscription Price on the exercise date.
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Enquiries
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Manulife | CQS Investment Management Craig Cleland
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+44 (0) 20 7201 5368 |
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Cavendish Capital Markets Limited Tunga Chigovanyika (Corporate Finance) Daniel Balabanoff / Pauline Tribe (Sales)
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+44 (0) 20 7397 1915 +44 (0) 20 7720 0500 |
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Apex Administration (Guernsey) Limited James Taylor
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+44 (0) 203 5303 600 |
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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.