London, United Kingdom, 27 February 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), at a general meeting of the Company’s shareholders held today, 27 February 2017, a resolution was passed authorising the Company to make off-market purchases (as defined in section 693(2) of the Companies Act 2006) (the “Resolution”) for the purposes of the tender offer by the Company for its GDRs (the “Tender Offer”).
Further details of the Tender Offer can be found in the Circular.
The Resolution authorised relevant off-market purchases in accordance with the share purchase contract agreed between the Company and Deutsche Bank Trust Company Americas.
The passing of the Resolution was a pre-condition to the Tender Offer. The Company will continue with the Tender Offer in accordance with the Circular and will keep the market updated with any further developments.
The results of the Resolution will be available on the Company’s website
A copy of the Resolutions passed at today’s general meeting will be submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.morningstar.co.uk/uk/NSM
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.
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