SolGold PLC Announces Holdings in Company

Rhea-AI Summary

On August 24, 2021, SolGold PLC reported a significant change in the voting rights held by BlackRock, Inc. The investment firm has crossed a threshold, now owning below 5% of the company's voting rights. Previously, BlackRock held around 5% with a detailed breakdown of voting rights and financial instruments involved. The notification of this change was made on August 24, 2021, and further information regarding the controlling chains of BlackRock entities was shared, clarifying their investment structure.

Positive

• BlackRock's voting rights in SolGold decreased to below 5%, indicating potential consolidation of ownership by other shareholders.

Negative

• Decrease in BlackRock's stake may signal reduced confidence from a major institutional investor.

BISHOPSGATE, LONDON / ACCESSWIRE / August 24, 2021 /

TR-1: Standard form for notification of major holdings

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

3. Details of person subject to the notification obligation

Name
BlackRock, Inc.

City of registered office (if applicable)
Wilmington

Country of registered office (if applicable)
USA

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
23-Aug-2021

6. Date on which Issuer notified
24-Aug-2021

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	Below 5%	Below 5%	Below 5%	Below 5%
Position of previous notification (if applicable)	4.740000	0.260000	5.000000

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

8A. Voting rights attached to share

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		Below 5%		Below 5%
Sub Total 8.A	Below 5%		Below 5%

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
Securities Lending			Below 5%	Below 5%
Sub Total 8.B1			Below 5%	Below 5%

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
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
BlackRock, Inc. (Chain 1)
	BlackRock Holdco 2, Inc.
	BlackRock Financial Management, Inc.
	BlackRock International Holdings, Inc.
	BR Jersey International Holdings L.P.
	BlackRock Holdco 3, LLC
	BlackRock Cayman 1 LP
	BlackRock Cayman West Bay Finco Limited
	BlackRock Cayman West Bay IV Limited
	BlackRock Group Limited
	BlackRock Finance Europe Limited
	BlackRock Investment Management (UK) Limited
BlackRock, Inc. (Chain 2)
	BlackRock Holdco 2, Inc.
	BlackRock Financial Management, Inc.
	BlackRock Holdco 4, LLC
	BlackRock Holdco 6, LLC
	BlackRock Delaware Holdings Inc.
	BlackRock Institutional Trust Company, National Association
BlackRock, Inc. (Chain 3)
	BlackRock Holdco 2, Inc.
	BlackRock Financial Management, Inc.
	BlackRock Holdco 4, LLC
	BlackRock Holdco 6, LLC
	BlackRock Delaware Holdings Inc.
	BlackRock Fund Advisors
BlackRock, Inc. (Chain 4)
	BlackRock Holdco 2, Inc.
	BlackRock Financial Management, Inc.
	BlackRock Capital Holdings, Inc.
	BlackRock Advisors, LLC
BlackRock, Inc. (Chain 5)
	BlackRock Holdco 2, Inc.
	BlackRock Financial Management, Inc.
	BlackRock International Holdings, Inc.
	BR Jersey International Holdings L.P.
	BlackRock Holdco 3, LLC
	BlackRock Cayman 1 LP
	BlackRock Cayman West Bay Finco Limited
	BlackRock Cayman West Bay IV Limited
	BlackRock Group Limited
	BlackRock Finance Europe Limited
	BlackRock Advisors (UK) Limited

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

BlackRock Regulatory Threshold Reporting Team

Jana Blumenstein

020 7743 3650

12. Date of Completion
24^th August 2021

13. Place Of Completion
12 Throgmorton Avenue, London, EC2N 2DL, U.K

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/661134/SolGold-PLC-Announces-Holdings-in-Company

FAQ

What is the current voting rights percentage of BlackRock in SolGold as of August 2021?

As of August 24, 2021, BlackRock holds below 5% of the voting rights in SolGold.

When did BlackRock notify SolGold of their change in voting rights?

BlackRock notified SolGold of the change in voting rights on August 24, 2021.

What was BlackRock's previous voting rights percentage in SolGold?

BlackRock's previous voting rights percentage was around 5%.

What are the implications of BlackRock reducing its stake in SolGold?

The reduction in BlackRock's stake may indicate lower confidence from a major investor, which could impact market perception.