SolGold PLC Announces Holdings in Company

Rhea-AI Summary

On August 12, 2021, SolGold PLC announced a notification regarding the voting rights of BlackRock, Inc. The investment firm reached below a 5% threshold of voting rights in the company on August 11, 2021, down from a previous position of 5.01%. BlackRock's holdings now include various entities under its umbrella, reflecting a significant change in its influence over SolGold's corporate governance. This notification aligns with compliance regulations concerning major holdings in publicly traded companies.

Positive

• BlackRock's involvement indicates institutional interest in SolGold.
• A clear reporting of compliance with regulatory requirements enhances transparency.

Negative

• BlackRock's voting rights dropped below 5%, indicating a reduction in institutional support.

BISHOPSGATE, LONDON / ACCESSWIRE / August 12, 2021 / SolGold PLC (LSE:SOLG)

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

11-Aug-2021

6. Date on which Issuer notified

12-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)	4.480000	0.530000	5.010000

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		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.
	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.
	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.
	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.
	BlackRock Holdco 2, Inc.
	BlackRock Financial Management, Inc.
	BlackRock Capital Holdings, Inc.
	BlackRock Advisors, LLC
	BlackRock, Inc.
	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

12^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/659506/SolGold-PLC-Announces-Holdings-in-Company

FAQ

What is the recent announcement by SolGold regarding BlackRock's holdings?

SolGold announced that BlackRock's voting rights have fallen below 5%, from 5.01% previously.

When did BlackRock's voting rights in SolGold change?

The threshold was crossed on August 11, 2021, with the notification made on August 12, 2021.

How does BlackRock's reduced stake affect SolGold?

The reduction may indicate less institutional support, potentially impacting market perceptions.

What is the significance of BlackRock's stake in SolGold?

BlackRock's involvement reflects institutional interest, but its decline in voting rights could raise concerns about support.

What percentage of voting rights does BlackRock currently hold in SolGold?

BlackRock's holdings are currently below 5%.