Amsterdam, Netherlands, April 22, 2015 – Nord Gold N.V. (“Nordgold” or the “Company”, LSE: NORD), the internationally diversified low-cost gold producer, announces that a total of 2,957,924 GDRs, which were purchased in accordance with the share buyback programme by April 14, 2015, has been withdrawn from the GDR programme and the treasury shares representing such GDRs subsequently cancelled on April 21, 2015 (after market close).
Following this transaction, we would like to notify the market of the following:
The Company’s entire issued share capital as at April 21, 2015 (after market close) consists of 378,040,366 ordinary shares.
Following the decrease in the issued share capital of Nordgold, the Company has registered an increase of indirect majority shareholder and non-executive director of the Company Mr. Mordashov’s interest in the Company’s share capital to 88.90% from 88.21%. The Company’s freefloat has decreased to 11.07% from 11.76%.
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.
Nordgold (LSE: NORD) is an internationally diversified low-cost gold producer established in 2007 and publicly traded on the London Stock Exchange. The Company has expanded rapidly through carefully targeted acquisitions and organic growth, achieving a rate of growth unmatched in the industry during that period. In 2014, Nordgold’s gold production increased to 985 koz from 924 koz in 2013.
The Company operates 9 mines and has 2 development projects, 4 advanced exploration projects and a diverse portfolio of early-stage exploration projects and licenses in Burkina Faso, Guinea, Russia, Kazakhstan, French Guiana and Canada. Nordgold employs about 10,000 people.
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
