Amsterdam, Netherlands, June 8, 2015 – Nord Gold N.V. (“Nordgold” or the “Company”, LSE: NORD), the internationally diversified low-cost gold producer, announces that on June 1 - 5, 2015, in accordance with the share buyback programme announced on February 24 2015, it purchased a total of 234,990 GDRs for the total amount of US$712,962.
The daily transactions are detailed below.
The Company has an entire issued share capital of 376,524,189 shares, of which 796,684 GDRs for shares are held in its own share capital as at June 5, 2015. Therefore, the total number of voting rights in the issued share capital of the Company is 375,727,505.
Following the withdrawal from the GDR programme of the shares underlying the GDRs, the Company intends to cancel the shares.
Due to the generally low trading volume in the Company’s GDRs, purchases of the GDRs under the programme on any trading day are likely to represent a significant proportion of the daily trading volume in the GDRs on the LSE.
Since the announcement of the buyback programme Nordgold has purchased a total of 5,270,785 GRDs for the total amount of US$14,460,554. On February 24, 2015, the Board approved a share and GDR buyback programme for up to 19,000,000 shares/GDRs to a maximum total amount of US$30 million at a price of up to US$4 per share/GDR. The buyback programme will end as soon as the aggregate purchase price of the shares/GDRs acquired by the Company has reached the amount of US$30 million or ultimately, by 31 December 2015.
| PERIOD | NO. OF ACQUIRED GDRS | AVERAGE PRICE PER GDR, IN US$ | TOTAL AMOUNT, IN US$ |
| June 1, 2015 | 50,000 | 3.0320 | 151,600 |
| June 2, 2015 | 47,517 | 2.9999 | 142,546 |
| June 3, 2015 | 50,000 | 3.0400 | 152,000 |
| June 4, 2015 | 48,565 | 3.0294 | 147,123 |
| June 5, 2015 | 38,908 | 3.0763 | 119,693 |
Nordgold
Valentina Bogomolova
Head of IR
Tel: +7 495 644 4473
Olga Ulyeva
Head of Media Relations
Tel: +7 495 644 4473
Maitland
Peter Ogden
James Devas
Tel: +44 (0)20 7379 5151
