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LONDON - Hamak Gold Limited (LSE:HAMA) Executive Director Karl Smithson has transferred 2.5 million shares from his nominee account to his personal ISA, according to a company statement released Tuesday.
During the transfer process on June 16, a total of 1,748 ordinary shares were sold at 0.8 pence per share to cover transfer costs. Smithson received 2,498,252 shares into his ISA following the transaction.
Following this transfer, Smithson’s total beneficial holding, including shares held by his spouse, stands at 17,016,703 shares, representing 11.84% of the company’s issued share capital. Prior to the transfer, his total beneficial holding was 17,018,451 shares.
The company noted that the price per share for the transfer was 0.8 pence.
Hamak Gold, listed on the London Stock Exchange (LON:LSEG), made the disclosure in compliance with UK Market Abuse Regulation requirements. The company identified Karl Smithson, Executive Director, as the person responsible for arranging the release of the announcement.
The information was based on a regulatory news service announcement issued by Hamak Gold Limited.
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