SolGold PLC Announces Director/PDMR Shareholding

SolGold PLC (LSE:SOLG)(TSX:SOLG) has announced a sale of 200,000 Ordinary Shares by the Mather Foundation , a Private Ancillary Fund associated with Non-Executive Director Nicholas Mather.

Rhea-AI Summary

SolGold PLC (LSE:SOLG)(TSX:SOLG) has announced a sale of 200,000 Ordinary Shares by the Mather Foundation , a Private Ancillary Fund associated with Non-Executive Director Nicholas Mather. The sale, completed on August 1, 2024, was to fulfill philanthropic obligations for donations to various charitable causes in Australia. The shares were sold at £0.11 each, totaling £22,000. It's important to note that Mr. Mather has no financial interest in the Mather Foundation's capital and does not benefit from it. This transaction is part of the foundation's annual requirement to monetize assets for charitable donations.

Argus Session date unavailable

+0.92% session move Open Argus

Details

News Market Reaction – SLGGF

The recorded move for SLGGF in the trading session of this news was +0.92%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

LONDON, UNITED KINGDOM / ACCESSWIRE / August 12, 2024 / SolGold (LSE:SOLG)(TSX:SOLG) ("SolGold" or the "Company") has been advised of the sale of 200,000 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 Chief Executive Officer SolGold plc		Tel: +44 (0) 20 3807 6996
Tavistock (Media) Jos Simson/Gareth Tredway		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):	Price(s) Volume(s) £0.11 200,000
d)	Aggregated information: Aggregated volume: Price: Total:	200,000 £0.11 £22,000
e)	Date of the transaction:	1 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares of SolGold (SLGGF) were sold by the Mather Foundation ?

The Mather Foundation sold 200,000 Ordinary Shares of SolGold (SLGGF).

What was the purpose of the share sale by the Mather Foundation for SolGold (SLGGF)?

The sale was to address obligated philanthropic and charitable donations to organizations focused on prostate cancer research, mental health, homelessness, and emergency flight care services in Australia.

When did the transaction of SolGold (SLGGF) shares by the Mather Foundation take place?

The transaction took place on August 1, 2024.

What was the total value of the SolGold (SLGGF) shares sold by the Mather Foundation ?

The total value of the shares sold was £22,000, with each share priced at £0.11.