London, United Kingdom, 18 September 2017 – The General Meeting (the “Meeting”) of Nord Gold SE (“Nordgold” or the “Company”), the internationally diversified gold producer, was held on Monday, 18 September 2017, at 10:00 am at the offices of Celtic Resources Holdings Limited, Fetcham Park House, Lower Road, Fetcham, Leatherhead, Surrey, KT22 9HD.
Shareholder approval for the ordinary shares to be acquired by the Company (“Authority to purchase own shares”) pursuant to the 2017 HY Buyback was sought at the General Meeting.
Nordgold previously announced the second opportunity for shareholders to tender ordinary shares back to the Company in accordance with its circular published on 9 February 2017 (the “2017 HY Buyback”). The 2017 HY Buyback extends to up to 5,565,988 ordinary shares, and the price at which the Company purchases tendered shares will be US$3.45 per ordinary share tendered. Latest time and date for receipt of tenders in the 2017 HY Buyback 28 September 2017.
Company has an issued capital of EUR 341,632,764, consisting of 341,632,764 Ordinary Shares.
On 9 March 2017, the Company cancelled the listing of its GDRs on the Official List of the Financial Conduct Authority and their trading on the Main Market of the London Stock Exchange (“De-listing”). In keeping with its strong commitment to good corporate governance and fair treatment of minorities, Nordgold proposed to offer shareholders the ability to tender their shares back to Nordgold on four occasions following De-listing: two occasions after the announcement by the Company of its financial results for each of the half years ended 30 June 2017 and 2018 and two occasions after the announcement by the Company of its financial results for each of the full years ended 31 December 2017 and 2018.
Nordgold is an internationally diversified gold producer established in 2007. Nordgold has a proven track record of operational excellence and benefits from a significant international development pipeline. The Company is relentlessly focused on shareholder value, committed to running safe, efficient, profitable operations, which enable it to generate strong cashflows and in turn, continue to invest in its pipeline of new growth opportunities while generating returns for investors. In 2016, Nordgold produced 869 koz of gold.
Nordgold operates 9 mines (4 in Russia, 3 in Burkina Faso and one each in Guinea and Kazakhstan). It has one project in construction phase (Gross in Russia), several prospective projects and advanced exploration phase and a diverse portfolio of early-stage exploration projects and licences in Burkina Faso, Russia, French Guiana and Canada. Nordgold employs over 8,000 people.
Head of Media Relations
Tel: +7 495 644 4473
Tel: +44 (0) 20 7250 1446