SGZ.L

Scotgold Resources Ltd.
Scotgold Resources - Director Resignation
8th November 2023, 07:00
TwitterFacebookLinkedIn
To continue viewing RNS, please confirm that you are a Private Investor*

* A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:

  1. Obtains access to the information in a personal capacity;
  2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
  3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
  4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
  5. Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
  6. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
RNS Number : 7074S
Scotgold Resources Ltd
08 November 2023
 

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018.

8 November 2023



  

Scotgold Resources Limited ("Scotgold", the "Company" or the "Group")

Director Resignation

 

Nathaniel (Nat) le Roux has notified the Board of his resignation as a Director of Scotgold Resources Limited and its subsidiary companies with immediate effect.

Nat le Roux is the major secured creditor of SGZ Cononish Limited, a subsidiary to Scotgold Resources Limited. 

The Board is now evaluating the Group's position to consider all options available to the Company and its subsidiary companies.

 

Further announcements will be made in due course.

 

Mr le Roux made the following statement: "After almost ten years on the Board, I have made this decision with considerable regret. As Scotgold's operating subsidiary heads towards administration, there is an unavoidable conflict between the interests of the Company and my personal interest as the major secured creditor, and I believe it is in the interests of shareholders generally that I now stand down. I remain the Company's largest shareholder, and the Board has my full support at this very difficult time."

**ENDS**

 

Scotgold Resources Limited

Sean Duffy, interim CEO and CFO

 

 

 

Via Celicourt Communications

Shore Capital (Nomad and Broker)

Toby Gibbs / Tom Knibbs

 

Tel +44 (0) 20 7408 4090

Celicourt Communications (Financial PR)

Felicity Winkles / Ariana Fanning

 

Tel +44 (0) 774 8843 871

 

 

 

 

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 rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
BOAUPGAGGUPWPUM]]>
TwitterFacebookLinkedIn