SolGold PLC Announces Director/PDMR Shareholding
Rhea-AI Summary
SolGold PLC (LSE:SOLG)(TSX: SOLG) has announced the sale of 250,000 Ordinary Shares by the Mather Foundation , a Private Ancillary Fund associated with Non-Executive Director Nicholas Mather. The sale, finalized on August 12, 2024, was conducted to fulfill charitable obligations. Key points:
- 250,000 shares sold at £0.102 each, totaling £25,500
- Proceeds to support prostate cancer research, mental health, homelessness, and emergency flight care services in Australia
- Mr. Mather has no financial interest in the Mather Foundation
- Transaction executed on the London Stock Exchange
This sale is part of the Mather Foundation's annual requirement to monetize assets for charitable donations.
Positive
- Fulfillment of charitable obligations, potentially enhancing company's social responsibility image
Negative
- Insider selling of 250,000 shares, which might be perceived negatively by the market
News Market Reaction
On the day this news was published, SLGGF declined NaN%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
LONDON, UK / ACCESSWIRE / August 14, 2024 / SolGold (LSE:SOLG)(TSX: SOLG) ("SolGold" or the "Company") has been advised of the sale of 250,000 Ordinary Shares of £0.01 each in the Company by the Mather Foundation Limited, a Private Ancillary Fund of which SolGold Non-Executive Director Nicholas Mather is a Trustee Director.
The sale was finalised to address obligated philanthropic and charitable donations to prostate cancer research, mental health and homelessness organisations and emergency flight care services in Australia. Each financial year the Mather Foundation is required to monetise assets and make cash donations to third-party charitable organisations. Mr Mather has no financial interest in the capital of the Mather Foundation and does not derive income or any other benefit from it.
CONTACTS
Scott Caldwell | Tel: +44 (0) 20 3807 6996
|
Tavistock (Media) | Tel: +44 (0) 20 7920 3150 |
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM.
1. | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name: | Mather Foundation Limited | ||||
2. | Reason for the notification | |||||
a) | Position/status: | Mather Foundation Limited, an entity closely associated with Nicholas Mather - Director of SolGold plc | ||||
b) | Initial notification/Amendment: | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name: | SolGold plc | ||||
b) | LEI: | 213800HGFADQBMIEVI76 | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the financial instrument, type of instrument: Identification code: | Ordinary Shares of £0.01
GB00B0WD0R35 | ||||
b) | Nature of the transaction: | Sale of Shares | ||||
c) | Price(s) and volume(s): |
| ||||
d) | Aggregated information: Aggregated volume: Price: Total: |
250,000 £0.102 £25,500 | ||||
e) | Date of the transaction: | 12 August 2024 | ||||
f) | Place of the transaction: | London Stock Exchange | ||||
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
SOURCE: SolGold PLC
View the original press release on accesswire.com
FAQ
How many SolGold shares were sold by the Mather Foundation on August 12, 2024?
What was the price per share for the SolGold stock sale on August 12, 2024?
What is the total value of the SolGold share sale by the Mather Foundation?
Why did the Mather Foundation sell SolGold shares in August 2024?
