Trans-Siberian Gold inks relationship agreement with shareholder UFG

Mon, 2nd Dec 2019

Russia-focused Trans-Siberian Gold said it had signed a new relationship agreement with major shareholder UFG Asset Management The total shareholding of UFG, its connected entities and individuals in the company's issued share capital was about 75%. UFG was a Russia-dedicated Western multi-asset investment manager, established in 1996. Terms of the new agreement included a pledge that dealings between Trans-Siberian Gold and UFG were conducted at arm's length and on normal commercial terms. UFG had also agreed not to undertake any activity in conflict with those of Trans-Siberian Gold which may render the company incapable of carrying on its business independently. At 8:25am: (LON:TSG) TransSiberian Gold PLC share price was +0.5p at 69.5p Story provided by StockMarketWire.com

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