SolGold PLC Announces Statement re Litigation with Ex-CEO
SolGold (LSE:SOLG)(TSX:SOLG) has announced the resolution of litigation proceedings with former CEO Darryl Cuzzubbo (Case QUD112/2023) through a settlement agreement. The company has withdrawn its previous allegations of serious misconduct against Mr. Cuzzubbo during his employment period. The settlement acknowledges that Mr. Cuzzubbo's operational vision for the company differed from the Board's perspective at the time of his termination. A settlement payment has been made to Mr. Cuzzubbo, with other terms remaining confidential.
SolGold (LSE:SOLG)(TSX:SOLG) ha annunciato la risoluzione delle controversie legali con l'ex CEO Darryl Cuzzubbo (Caso QUD112/2023) attraverso un accordo di transazione. La società ha ritirato le precedenti accuse di grave cattiva condotta nei confronti del signor Cuzzubbo durante il suo periodo di impiego. L'accordo riconosce che la visione operativa del signor Cuzzubbo per l'azienda differiva dalla prospettiva del Consiglio al momento della sua cessazione. È stato effettuato un pagamento di transazione al signor Cuzzubbo, mentre altri termini rimangono riservati.
SolGold (LSE:SOLG)(TSX:SOLG) ha anunciado la resolución de los procedimientos legales con el ex CEO Darryl Cuzzubbo (Caso QUD112/2023) a través de un acuerdo de conciliación. La empresa ha retirado sus acusaciones anteriores de mala conducta grave contra el Sr. Cuzzubbo durante su período de empleo. El acuerdo reconoce que la visión operativa del Sr. Cuzzubbo para la empresa difería de la perspectiva de la Junta en el momento de su despido. Se ha realizado un pago de conciliación al Sr. Cuzzubbo, mientras que otros términos permanecen confidenciales.
SolGold (LSE:SOLG)(TSX:SOLG)는 전 CEO Darryl Cuzzubbo와의 소송 절차를 합의 계약을 통해 해결했다고 발표했습니다 (사건 QUD112/2023). 회사는 Cuzzubbo 씨에 대한 심각한 비위 혐의를 철회했습니다 그의 고용 기간 동안. 합의는 Cuzzubbo 씨의 회사에 대한 운영 비전이 그의 해고 당시 이사회 관점과 달랐음을 인정합니다. 합의금이 Cuzzubbo 씨에게 지급되었으며, 다른 조건은 비밀로 유지됩니다.
SolGold (LSE:SOLG)(TSX:SOLG) a annoncé la résolution des procédures judiciaires avec l'ancien PDG Darryl Cuzzubbo (Affaire QUD112/2023) par le biais d'un accord de règlement. L'entreprise a retiré ses accusations antérieures de mauvaise conduite grave à l'encontre de M. Cuzzubbo pendant sa période d'emploi. Le règlement reconnaît que la vision opérationnelle de M. Cuzzubbo pour l'entreprise différait de la perspective du Conseil au moment de son licenciement. Un paiement de règlement a été effectué à M. Cuzzubbo, d'autres conditions restant confidentielles.
SolGold (LSE:SOLG)(TSX:SOLG) hat die Beilegung von Rechtsstreitigkeiten mit dem ehemaligen CEO Darryl Cuzzubbo (Fall QUD112/2023) durch eine Vergleichsvereinbarung bekannt gegeben. Das Unternehmen hat seine früheren Vorwürfe schwerwiegenden Fehlverhaltens gegen Herrn Cuzzubbo während seiner Anstellung zurückgezogen. Der Vergleich erkennt an, dass die operative Vision von Herrn Cuzzubbo für das Unternehmen von der Sichtweise des Vorstands zum Zeitpunkt seiner Entlassung abwich. Eine Vergleichszahlung wurde an Herrn Cuzzubbo geleistet, während andere Bedingungen vertraulich bleiben.
- None.
- Legal settlement payment required to former CEO
- Company forced to retract misconduct allegations against former CEO
- Revealed internal conflict between former CEO and Board over company operations
BISHOPSGATE, LONDON / ACCESS Newswire / February 21, 2025 / The Board of Directors of SolGold (LSE:SOLG)(TSX:SOLG) makes the following statement in relation to the litigation proceedings between Darryl Cuzzubbo v SolGold plc and Ors. (QUD112/2023):
(i) the proceedings between Mr Cuzzubbo and SolGold and its current and former directors have been resolved by way of settlement;
(ii) SolGold no longer contends that Mr Cuzzubbo engaged in any serious misconduct during his employment;
(iii) the parties agree that, at the time of Mr Cuzzubbo's termination, his view as to the company's operation differed to that of the Board of SolGold; and
(iv) a payment was made by SolGold to Mr Cuzzubbo in respect of the settlement and the terms of settlement are otherwise confidential.
CONTACT:
Ryan Wilson |
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ABOUT SOLGOLD
SolGold is a leading resources company focused on the discovery, definition and development of world-class copper and gold deposits and continues to strive to deliver objectives efficiently and in the interests of shareholders.
The Company operates with transparency and in accordance with international best practices. SolGold is committed to delivering value to its shareholders while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace, and minimizing environmental impact.
SolGold is listed on the London Stock Exchange and Toronto Stock Exchange (LSE:SOLG)(TSX:SOLG).
See www.solgold.com.au for more information. Follow us on X @SolGold_plc.
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SOURCE: SolGold PLC
View the original press release on ACCESS Newswire
FAQ
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