SolGold PLC Announces Holding(s) in Company

Rhea-AI Summary

SolGold PLC disclosed a change in voting rights held by Norges Bank, who acquired shares resulting in a total of 82,875,000 voting rights, equating to a 3.61% interest. On December 5, 2022, the voting rights threshold was crossed, with the notification made on December 6, 2022. The previous voting rights held were 3.07% of shares. The acquisition reflects Norges Bank's ongoing strategic investment approach in SolGold.

Positive

• Norges Bank increased its voting rights in SolGold to 3.61%.
• Total voting rights held by Norges Bank now amount to 82,875,000.

Negative

• Reduction in percentage of voting rights from 3.07% to 3.61% indicates dilution.

TR-1: Standard form for notification of major holdings

BISHOPSGATE, LONDON / ACCESSWIRE / December 6, 2022 / SolGold PLC (LSE:SOLG)(TSX:SOLG):

1. Issuer Details

ISIN

GB00B0WD0R35

Issuer Name

SOLGOLD PLC

UK or Non-UK Issuer

UK

2. Reason for Notification

An acquisition or disposal of voting rights; An acquisition or disposal of financial instruments

3. Details of person subject to the notification obligation

Name

Norges Bank

City of registered office (if applicable)

Oslo

Country of registered office (if applicable)

Norway

4. 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)

5. Date on which the threshold was crossed or reached

05-Dec-2022

6. Date on which Issuer notified

06-Dec-2022

7. 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	2.977940	0.631520	3.609460	82875000
Position of previous notification (if applicable)	3.066270	0.157560	3.223830

8. 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)
GB00B0WD0R35	68375000		2.977940
Sub Total 8.A	68375000		2.977940%

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
Shares on loan (right to recall)	N/A	At any time	14500000	0.631520
Sub Total 8.B1			14500000	0.631520%

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

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

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.

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

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

12. Date of Completion

06-Dec-2022

13. Place Of Completion

Oslo, Norway

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 source version on accesswire.com:
https://www.accesswire.com/730493/SolGold-PLC-Announces-Holdings-in-Company

FAQ

What voting rights does Norges Bank hold in SolGold PLC as of December 2022?

Norges Bank holds 82,875,000 voting rights, or 3.61% of SolGold PLC.

When did Norges Bank cross the voting rights threshold in SolGold PLC?

Norges Bank crossed the voting rights threshold on December 5, 2022.

What was the previous percentage of voting rights held by Norges Bank in SolGold?

The previous percentage of voting rights held by Norges Bank was 3.07%.

When was the voting rights notification for SolGold PLC made?

The notification was made on December 6, 2022.

What is the significance of the voting rights acquisition by Norges Bank in SolGold?

The acquisition signifies Norges Bank's increased stake and potential influence in SolGold PLC.