Goldplat announces an increased ownership in its South African subsidiary (Goldplat Recovery Limited) raising its ownership from 74% to 90.6%. Effectively, Goldplat will purchase the 15% shareholding of Dartingo Trading 161 and 7.3% of the 11% held by Amabubesi Property Holdings for ~£4.5m. In a related transaction, Goldplat will sell back 4.9% back to Mr Sango Ntsaluba – a related party who owns interests in Amabubesi and Dartingo for £0.8m (at the same valuation) into Aurelian Capital – Mr N ....

20 Jul 2021
Goldplat (GDP) - Increasing ownership in South African Recovery operation and dividend announcement

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Goldplat (GDP) - Increasing ownership in South African Recovery operation and dividend announcement
Goldplat plc (GDP:LON) | 6.6 0 (-2.2%) | Mkt Cap: 11.3m
- Published:
20 Jul 2021 -
Author:
Paul Smith -
Pages:
5 -
Goldplat announces an increased ownership in its South African subsidiary (Goldplat Recovery Limited) raising its ownership from 74% to 90.6%. Effectively, Goldplat will purchase the 15% shareholding of Dartingo Trading 161 and 7.3% of the 11% held by Amabubesi Property Holdings for ~£4.5m. In a related transaction, Goldplat will sell back 4.9% back to Mr Sango Ntsaluba – a related party who owns interests in Amabubesi and Dartingo for £0.8m (at the same valuation) into Aurelian Capital – Mr N ....