Amsterdam, Netherlands, December 09, 2014 – Nord Gold N.V. (“Nordgold” or the “Company”, LSE: NORD), an internationally diversified low-cost gold producer, announces that Mr. Alexei Mordashov, main shareholder and non-executive director of the Company, has acquired 2,511,559 GDRs from Mr. Nikolai Zelenski, Nordgold's Chief Executive Officer and 1,076,383 GDRs from Mr. Oleg Pelevin, the Company's Director of Strategy and Corporate Development at a price equal to the closing price of the listed GDRs of Nordgold on the London Stock Exchange on December 5, 2014, being US$1.50 per GDR.
Following the transaction, Nordgold has registered, in accordance with chapter 5.3 of the Dutch Act on Financial Supervision, the interests of Mr. Mordashov in the Company as follows:
|DIRECTOR NAME||NO. OF ACQUIRED GDRS||ACQUIRED % OF THE TOTAL ISSUED SHARE CAPITAL||% OF THE TOTAL ISSUED SHARE CAPITAL HELD|
Following the transaction, Nordgold has registered, in accordance with chapter 5.3 of the Dutch Act on Financial Supervision, the interests of Mr. Zelenski and Mr. Pelevin in the Company as follows:
|DIRECTOR NAME||NO. OF SHARES AND GDRS INTERESTED IN||% OF THE TOTAL ISSUED SHARE CAPITAL HELD|
Nordgold’s freefloat remains 13.7% as GDRs previously owned by Mr. Zelenski and Mr. Pelevin has not been referred as freefloat.
Nordgold (LSE: NORD) is an international low-cost gold producer established in 2007. The Company has expanded rapidly through carefully targeted acquisitions and organic investment, achieving a rate of growth unmatched in the industry during that period. In 2013 Nordgold’s gold production was 924 thousand ounces, up from 717 thousand ounces in 2012.
The company operates 9 active mines and has 2 development projects, 4 advanced exploration projects and a diverse portfolio of early-stage exploration projects and licenses in Russia, Kazakhstan, Burkina Faso, Guinea, French Guiana, and Canada. Nordgold employs about 10,000 people.
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