Investegate |Trans-Siberian Gold Announcements | Trans-Siberian Gold: Holding(s) in Company

Name of the proxy holder
 
 
 
11. Additional information
Horvik Limited ("Horvik") and certain shareholders (the "Selling Shareholders") of Trans-Siberian Gold plc ("TSG") entered into a share purchase agreement on
18 March 2021
(the "SPA"), which committed Horvik to
buy, and the Selling Shareholders to se
ll, 44,558,918 ordinary shares in TSG, repr
esenting approximately 51.2% of TSG's total issued share capital (excluding shares held in treasury), at a price of £1.18 per TSG
s
hare
(the "Acquisition")
.
 
The SPA provided for the Acquisition to take place in two stages. Firstly, Horvik agreed to acquire 21,437,000 ordinary shares in TSG
pro rata from each of the Selling Shareholders, representing approximately

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