London, United Kingdom, 16 March 2017 – Nord Gold SE (“Nordgold” or the “Company”) announces that further to the circular sent to the Company’s shareholders on 9 February 2017 (the “Circular”) and the Company’s announcement made on 6 March 2017, trading in the Company’s Global Depositary Receipts (the “GDRs”) on the Main Market of the London Stock Exchange and the listing of the Company’s GDRs on the Official List of the Financial Conduct Authority were cancelled with effect from 8.00 am (GMT) today, pursuant to Listing Rules 5.2 and 5.3 at Nordgold’s request.
In line with the Circular, the Company will continue with its planned tender offer for its GDRs and will update the market with further developments.
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 in feasibility study, 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.
Nordgold
Elena Vasyatkina
Investor Relations Specialist
Tel: +7 495 644 4473
Olga Ulyeva
Head of Media Relations
Tel: +7 495 644 4473
Powerscourt
Peter Ogden
Giles Read
Tel: +44 (0) 20 7250 1446
