Golden Metal Resources PLC Announces Holding in Company

Rhea-AI Summary

Golden Metal Resources PLC notifies major holdings acquisition by Purebond , a subsidiary of Solai Holdings , with 5.5% voting rights in the company. Trustees of Solai Pension Scheme also hold 0.165% voting rights. The acquisition was completed on March 15, 2024, in London.

LONDON, UK / ACCESSWIRE / March 15, 2024 / Golden Metal Resources PLC:

TR-1: Standard form for notification of major holdings

01. Issuer Details

ISIN

GB00BPQY8R36

Issuer Name

GOLDEN METAL RESOURCES PLC

UK or Non-UK Issuer

UK

02. Reason for Notification

An acquisition or disposal of voting rights

03. Details of person subject to the notification obligation

Name

Purebond Limited

City of registered office (if applicable)

Wembley

Country of registered office (if applicable)

England

04. Details of the shareholder

Full name of shareholder(s) if different from the person(s) subject to the notification obligation, above

City of registered office (if applicable)

Country of registered office (if applicable)

05. Date on which the threshold was crossed or reached

15-Mar-2024

06. Date on which Issuer notified

15-Mar-2024

07. Total positions of person(s) subject to the notification obligation

.	% of voting rights attached to shares (total of 8.A)	% of voting rights through financial instruments (total of 8.B 1 + 8.B 2)	Total of both in % (8.A + 8.B)	Total number of voting rights held in issuer
Resulting situation on the date on which threshold was crossed or reached	5.500905	0.000000	5.500905	5000000
Position of previous notification (if applicable)

08. Notified details of the resulting situation on the date on which the threshold was crossed or reached

8A. Voting rights attached to shares

Class/Type of shares ISIN code(if possible)	Number of direct voting rights (DTR5.1)	Number of indirect voting rights (DTR5.2.1)	% of direct voting rights (DTR5.1)	% of indirect voting rights (DTR5.2.1)
GB00BPQY8R36	5000000		5.500905
Sub Total 8.A	5000000		5.500905%

8B1. Financial Instruments according to (DTR5.3.1R.(1) (a)

Type of financial instrument	Expiration date	Exercise/conversion period	Number of voting rights that may be acquired if the instrument is exercised/converted	% of voting rights
Sub Total 8.B1

8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b)

Type of financial instrument	Expiration date	Exercise/conversion period	Physical or cash settlement	Number of voting rights	% of voting rights
Sub Total 8.B2

09. Information in relation to the person subject to the notification obligation

2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)

Ultimate controlling person	Name of controlled undertaking	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
Solai Holdings Limited	Purebond Limited	5.500905

10. In case of proxy voting

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional Information

1. Purebond Limited is a 100% Subsidiary of Solai Holdings Limited.
2. 3 Named Directors of Solai Holdings Limited off which 2 are also Directors of Purebond Limited are also Trustees of Solai Pension Scheme which has 0.165027% (150,000 Shares) Voting Rights in Golden Metal Resources Plc.

12. Date of Completion

15-Mar-2024

13. Place Of Completion

London

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: Golden Metal Resources PLC

View the original press release on accesswire.com

FAQ

What is the reason for the notification in the press release?

The reason for the notification is an acquisition or disposal of voting rights.

Who acquired the voting rights mentioned in the press release?

Purebond , a subsidiary of Solai Holdings , acquired the voting rights.

What percentage of voting rights does Purebond hold in Golden Metal Resources PLC?

Purebond holds 5.5% of voting rights in Golden Metal Resources PLC.

Who are the trustees of Solai Pension Scheme mentioned in the press release?

The trustees of Solai Pension Scheme are 3 named directors of Solai Holdings , 2 of whom are also directors of Purebond

What is the total percentage of voting rights held by Solai Pension Scheme trustees?

The trustees of Solai Pension Scheme hold 0.165% (150,000 shares) voting rights in Golden Metal Resources PLC.