Fratelli Investments Sells Shares in Serabi Gold plc
Fratelli Investments Shares Sale Notification
In an important update from the Board of Serabi Gold plc, it has been announced that Fratelli Investments Limited is set to sell a significant number of shares in the company. This decision signals a substantial change in the ownership dynamics within Serabi, and it's essential for investors and stakeholders to stay informed about these developments.
Major Holdings Details
According to the notification received by Serabi Gold plc, Fratelli Investments Limited has notified the market of its current shareholdings and the intention to part with some of its holdings. On the threshold date, Fratelli holds 9.99% of the voting rights attached to shares. This percentage represents a noteworthy stake in the company's overall structure, highlighting the significance of any shifts in their position.
Reasons for Notification of Major Holdings
The notification falls under the category of an acquisition or disposal of voting rights which, in this case, relates to the disposal aspect. Fratelli Investments Limited has chosen to sell its holdings, a decision influenced by various market factors.
Shareholder Representation
It is revealed that Fratelli Investments Limited operates from Hamilton, Bermuda, representing significant international interest in Serabi Gold. The sale is set to occur as part of a legally binding secondary block trade agreement with Peel Hunt LLP and Tamesis Partners LLP. This strategic decision underscores their belief in dynamic market movements and alignment with their business objectives.
Implications of Share Sales
For the stakeholders of Serabi Gold (LSE: SRB, TSX: SBI), this update introduces substantial implications. The impending transaction, set for completion on May 2, indicates a shift not just for Fratelli but potentially for market sentiments regarding Serabi Gold. Investors should approach this announcement with consideration of its impact on stock performance and shareholder composition.
Future Outlook for Serabi Gold plc
As Fratelli maintains voting rights until the completion of this transaction, it remains essential for Serabi Gold to keep its investors informed about any further developments. Stakeholders are urged to engage with upcoming announcements related to these trades, as they can influence share prices and market dynamics moving forward.
Contact Information
For further inquiries regarding this sale and other matters, Michael Hodgson, the Chief Executive of Serabi Gold, is available for contact at +44 (0)20 7246 6830. Additionally, Andrew Khov, the Vice President of Investor Relations and Business Development, can be reached at +1 647 885 4874 for any shareholder-related questions.
Website Access
Investors can obtain comprehensive details about this announcement and more by visiting the official website of Serabi Gold at www.serabigold.com.
Frequently Asked Questions
What is the main announcement from Serabi Gold plc?
The main announcement is regarding Fratelli Investments Limited's notification of its intention to sell a portion of its shares in Serabi Gold plc.
What percentage of voting rights is held by Fratelli Investments?
Fratelli Investments holds 9.99% of the voting rights attached to shares of Serabi Gold plc.
When is the completion date for the share sale?
The completion of the share sale is expected to occur on May 2.
Who can investors contact for more information?
Investors can contact Michael Hodgson at +44 (0)20 7246 6830 or Andrew Khov at +1 647 885 4874 for inquiries related to the share sale.
Where can investors find more information about Serabi Gold?
Investors can visit Serabi Gold's official website at www.serabigold.com for more information.
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