15 Mar 2021 07:00
15 March 2021
Trans-Siberian Gold plc
("TSG", the "Company" or the "Group")
Transaction in Own Shares
Trans-Siberian Gold plc (TSG.LN), a low cost, high grade gold producer in Russia, announces that, on 12 March 2021, it purchased 34,781 ordinary shares of 10 pence each (the "Buyback Shares") on the London Stock Exchange through Canaccord Genuity Limited and Panmure Gordon (the "Co-Brokers"), in accordance with the terms of its share buyback programme (the "Buyback") announced on 26 February 2021. The Buyback Shares acquired will be held in treasury.
Date of purchase: | 12 March 2021 |
Aggregate number of ordinary shares purchased: | 34,781 |
Lowest price paid per share (pence per share): | 98.50 |
Highest price paid per share (pence per share): | 99.00 |
Volume weighted average price paid per share (pence per share): | 98.78 |
Following the purchase of the Buyback Shares, the Company will have 110,053,073 ordinary shares of 10 pence each in issue, of which 23,097,022 ordinary shares are held in treasury. Therefore, the total number of ordinary shares carrying voting rights will be 86,956,051.
The above figure of 86,956,051 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the table below contains detailed information of the individual trades made by Panmure Gordon as part of the Buyback.
Individual transactions:
Number of shares purchased | Transaction price (pence per share) | Time of transaction | Execution venue |
19,781 | 99.00 | 10:59:00 | LSE |
15,000 | 98.50 | 14:40:00 | LSE |
ENDS
Contacts: |
|
TSG Stewart Dickson | +44 (0) 7799 694195 |
Canaccord Genuity Limited (Nominated Adviser & Joint Corporate Broker) Henry Fitzgerald-O'Connor / James Asensio | +44 (0) 20 7523 8000 |
Panmure Gordon (UK) Limited (Joint Corporate Broker) John Prior / Hugh Rich / Ailsa MacMaster | +44 (0) 20 7886 2500 |
Hudson Sandler (Financial Public Relations) Charlie Jack / Katerina Parker / Elfie Kent | +44 (0) 207 796 4133
|
About TSG
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.
Disclaimer
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.