London, United Kingdom, 20 February 2020 - Nord Gold SE (“Nordgold” or the “Company”), the internationally diversified gold producer, announces that it will hold a General Meeting of the Company’s shareholders at the Fetcham Park House, Lower Road, Fetcham, Leatherhead, Surrey KT22 9HD on Monday 9 March 2020 at 9 am GMT (the "General Meeting").
The purpose of the General Meeting is to consider a proposal to reduce the share capital of the Company through a reduction in the nominal value of each of the ordinary shares of the Company from €1.00 to €0.01.
The reduction in the Company’s share capital will enable the Company to increase the amount of distributable reserves, which may be used by Nordgold to pay dividends to its shareholders.
Under the UK Companies Act 2006, this capital reduction is also conditional upon the consent of the High Court of Justice in England and Wales.
The Board considers the capital reduction to be in the best interests of the Company and its shareholders as a whole and the Board unanimously recommends that shareholders vote in favour of the resolution set out in the notice of General Meeting.
The notice of General Meeting and related documents (including proxy forms) are now available on the Company’s website.
Nordgold
Olga Ulyeva
Head of Media Relations
olga.ulyeva@nordgold.com
Powerscourt
Peter Ogden
Tel: +44 (0) 20 7250 1446
