Transaction in Own Shares (Completion of Buyback)
12 July 2019
Trans-Siberian Gold plc
("TSG", the "Company", or the "Group")
Transaction in own shares
Completion of £7.6m Buyback
Total Voting Rights
Trans-Siberian Gold plc (TSG.LN), a low cost, high grade gold producer in Russia, announces that it has completed the off-market purchase of 22,894,565 ordinary shares of £0.10 each in the capital of the Company from UFG Private Equity Fund l, L.P and Destin Investment Management Limited at a price of £0.33 per share.
This transaction is pursuant to the resolution approved by shareholders at the Company's general meeting held on 17 June 2019.
Following the above transaction, TSG has 110,053,073 ordinary shares of £0.10 each in issue, of which 22,894,565 ordinary shares are held in treasury. Therefore, the total number of voting rights in Trans-Siberian Gold plc is now 87,158,508. This figure may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company's ordinary shares under the FCA's Disclosure Guidance and Transparency Rules.
+44 (0) 7799 694195
Arden Partners plc
Paul Shackleton (Corporate Finance)
+44 (0) 207 894 7000
Hudson Sandler (Financial PR)
Charlie Jack / Katerina Parker
+44 (0) 207 796 4133
TSG is focused on low cost, high grade mining operations and stable gold production from its 100% owned Asacha Gold Mine in Far East Russia. The Company also holds the licence for the development and exploration of the Rodnikova deposit, one of the largest gold fields in South Kamchatka.
Additional information is available from the Company's website: www.trans-siberiangold.com
Market Abuse Regulations
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR'). Upon the publication of this announcement via Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.
This announcement contains "forward-looking statements" - that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "should" or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, uncertainties arise from the behaviour of financial and metals markets, fluctuations in interest and/or exchange rates and metal prices; and from numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive or regulatory nature. These uncertainties may cause our actual future results to be materially different that those expressed in our forward-looking statements.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.