London, United Kingdom, 6 March 2017 – Nord Gold SE (“Nordgold” or the “Company”, LSE: NORD) announces that further to the circular sent to the Company’s shareholders on 9 February 2017 (the Circular), the Company has resolved today to delay the date of the de-listing of GDRs from the Official List and cancellation of admission of GDRs to trading on the LSE to 16 March 2017 (the De-listing Date) from 9 March 2017, the date which was originally planned in the Circular. The delay in the De-listing Date has been agreed in order to align the De-listing Date with the date upon which the tender offer for the Company’s GDRs (the Tender Offer) closes. Further details of the Tender Offer can be found in the Circular.
The Company will otherwise continue with the planned Tender Offer and de-listing in accordance with the Circular and will keep the market updated with any 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
