TIDMTSG

RNS Number : 2613P

Trans-Siberian Gold PLC

16 November 2016

Trans-Siberian Gold plc

Capital reduction

LONDON: 16 November 2016 - Trans-Siberian Gold plc ("TSG" or the "Company") (TSG.L) reported on 5 September that it intended to seek the approval of both its shareholders and the High Court (the "Court") for a capital reduction, involving the cancellation of the Company's share premium account (the "Capital Reduction"), in order to create sufficient distributable profits to facilitate the future payment of dividends or other methods by which cash may be returned to shareholders. The Company reported on 29 September 2016 that the Capital Reduction had been approved by shareholders.

The Company is now pleased to report that the Capital Reduction has been approved by the Court and that the Court Order and a statement of capital approved by the Court have been filed with the Registrar of Companies, wherefore the Capital Reduction is now in effect.

Ends

 
  Contacts TSG                                               Contacts TSG 
                                                                                               + 44 (0) 1480 
                                                                                                      811871 
                                                                                               + 44 (0) 7770 
 Simon Olsen                         + 44 (0) 7770 484965                       Simon Olsen           484965 
 
                                                                                                 +44 (0) 207 
 Cantor Fitzgerald Europe            +44 (0) 207 894 7000          Cantor Fitzgerald Europe         894 7000 
 David Porter/Craig Francis/David                           David Foreman / Stewart Dickson 
  Foreman (Corporate Finance)                                (Corporate Finance) 
                                                            Jeremy Stephenson (Corporate 
                                                             Broking)

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 16, 2016 02:00 ET (07:00 GMT)

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