Goldplat plc Sale of portion of share in Caracal Gold Plc (2627D)

TIDMGDP

RNS Number : 2627D

Goldplat plc

01 March 2022

G ol dp lat plc / Ti cker: GDP / Index: AIM / Secto r: M in i ng & E x p l o rati on

1 March 2022

   Goldplat   plc 
   ( 'Goldplat', t he   'Group' or 'the   Company ') 

Sale of a portion of share in Caracal Gold Plc

G ol dp lat pl c, the AIM li sted g o ld p r o ducer, w ith internati onal g o ld reco very o perati ons l o cated in South Afr i ca and Ghana, is p leased to announce the sale of a portion of its shares in Caracal Gold Plc ('Caracal').

Goldplat plc's subsidiary Gold Minerals Resources Limited, has sold 32,878,000 of its shares in Caracal for 0.95 pence per share. The shares sold represent the remainder of the initial share consideration of USD450,000 that was payable in cash by Caracal, which the Group agreed to take up in shares at the initial listing price of Caracal, as announced on 3 November 2021.

The Group retains a 5.69% interest in Caracal.

For further i n fo rmat i on v i s it www .g o ld p lat.com, f o l l ow on Twitter @GoldPlatGDP or contact:

 
 Werner Klingenberg            Goldplat plc               Tel: [phone] 
                                (CEO) 
 Colin Aaronson / George       Grant Thornton UK LLP      Tel: [phone] 
  Grainger / Samuel Littler     (Nominated Adviser)        5100 
 Jessica Cave / Andrew         WH Ireland Limited         Tel: [phone] 
  de Andrade                    (Broker)                   1666 
 Tim Thompson / Mark Edwards   Flagstaff Strategic and    Tel: [phone] 
  / Fergus Mellon               Investor Communications    1474 
                                                           [e-mail] 
 

The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

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March 01, 2022 11:10 ET (16:10 GMT)