LONDON - Golden Prospect Precious Metals Ltd has set the price for its 2025 subscription rights at 48.00 pence per new ordinary share, the company announced on Wednesday. This price is based on the net asset value (NAV) of the company as of December 2, 2024, since November 30 was a non-trading day.
The investment company, which focuses on the gold and precious metals sector, reminded shareholders of the opportunity to subscribe for one new ordinary share for every five ordinary shares held as of November 30 each year. This right was initially communicated to shareholders in a circular dated November 4, 2022.
Shareholders can expect to exercise this third subscription right on Monday, December 1, 2025. Following the exercise of the subscription rights, the new ordinary shares will be issued within 14 business days to those shareholders registered on the subscription date.
The board of Golden Prospect reserves the right to reject any subscriptions if the share price on the exercise date is equal to or less than the subscription price. This clause is a safeguard to protect the company's interests and the value for its shareholders.
Golden Prospect Precious Metals Limited is a closed-ended investment company incorporated in Guernsey, established in 2006 to offer investors exposure to the gold and precious metals sector through a listed entity. The company's strategy is to capitalize on the precious metals market, providing an investment vehicle for those looking to diversify their portfolio in this sector.
This announcement is based on a press release statement and provides shareholders with essential information regarding their subscription rights, reinforcing the company's commitment to transparent and timely communication with its investors.
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