SolGold PLC Announces Director/PDMR Shareholding
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.
Positive
- None.
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, SLGGF gained 0.92%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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 |
| 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: |
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
How many shares of SolGold (SLGGF) were sold by the Mather Foundation ?
What was the purpose of the share sale by the Mather Foundation for SolGold (SLGGF)?
When did the transaction of SolGold (SLGGF) shares by the Mather Foundation take place?
What was the total value of the SolGold (SLGGF) shares sold by the Mather Foundation ?
