Mr. Ryan Wilson reports
SOLGOLD PLC ANNOUNCES VOLUNTARY DELISTING FROM TORONTO STOCK EXCHANGE
Solgold PLC has applied for a voluntary delisting of its ordinary shares from the Toronto Stock Exchange. The delisting is intended to be effective as of the close of trading on June 18, 2025. The ordinary shares in the company will continue to trade on the Main Market of the London Stock Exchange under the symbol SOLG.
Since Solgold obtained its TSX listing in 2017 to April 30, 2025, while daily trading activity in the company's ordinary shares on such exchange increased somewhat, it only accounted for less than 3 per cent of the aggregate trading volume on both platforms. As a result of these relatively low trading volumes on the TSX, the company believes that the financial costs and administrative requirements associated with maintaining its TSX listing are no longer justified.
Shareholder approval is not required for the delisting because the company's ordinary shares trade on the LSE, which is an acceptable alternative market in accordance with Section 720(b) of the TSX company manual.
Additional information for shareholders on Solgold's Canadian registrar
Following the delisting from the TSX, Canadian shareholders holding shares with their brokers (CDS participants) and wishing to trade their shares on the LSE will need for such shares to be made eligible to be transferred and settled through CREST, the United Kingdom-based share transfer and settlement system. CDS participants may initiate instructions to Computershare Trust Company of Canada through its xSettle Web service. Shares cannot be transferred and settled through CREST until a shareholder's CDS participant broker or the shareholder initiates a cross-border request. If the shares are held in certificated or direct registration form, as applicable, shareholders may instruct Computershare to arrange for the shares to be held by a CREST participant broker. This can be done by completing a Register Removal Request -- Canada to United Kingdom form, with valid CREST participant account details, and submitting such form to Computershare by e-mail at globaltransactionteam@computershare.com.
For any questions on this process please contact Computershare's global transaction unit by phone at 1-877-624-5999. The company intends to maintain CDS eligibility for its shares until July 18, 2025, in order to allow Canadian shareholders time to complete the process contemplated above.
About Solgold PLC
Solgold is a leading resources company focused on the discovery, definition and development of world-class copper and gold deposits and continues to strive to deliver objectives efficiently and in the interests of shareholders.
We seek Safe Harbor.
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