Serabi Gold plc Announces TR-1 Notification
The Board of Serabi Gold plc (Serabi) is pleased to announce that the Company has received a TR-1 notification, as required under the EU Market Abuse Regulation (MAR). The following information is provided in relation to the notification:
TR-1 Notification
On 15 April 2025, the following notifiable transactions were made in Serabi:
- Michael Hodgson, Chief Executive Officer, purchased 50,000 ordinary shares of 1 pence each in the Company at an average price of 54.3 pence per share.
- Andrew Khov, Vice President, Investor Relations & Business Development, purchased 25,000 ordinary shares of 1 pence each in the Company at an average price of 54.4 pence per share.
These transactions were made outside of the Company’s Share Incentive Plan and were made in the open market. Serabi’s insider dealing disclosure policy permits directors and persons discharging managerial responsibilities to deal in the Company’s securities.
Impact on Individual Investors
The insider purchases by Michael Hodgson and Andrew Khov may be seen as a positive sign for Serabi’s future prospects. Insiders buying their own company’s stock can be interpreted as a strong vote of confidence in the business. However, it is important to note that insider trading activity is not a guarantee of future performance and should not be the sole basis for an investment decision.
Impact on the World
Serabi’s insider transactions are not expected to have a significant impact on the global gold market, as the Company is a mid-tier gold producer with a market capitalization of approximately £500 million. Serabi’s gold production comes primarily from its Palmarejo Gold Mine in Mexico, which contributed approximately 100,000 ounces of gold to the global supply in 2024.
Conclusion
Serabi Gold plc has announced that its Chief Executive Officer, Michael Hodgson, and Vice President, Investor Relations & Business Development, Andrew Khov, have purchased ordinary shares in the Company. These transactions were made outside of the Company’s Share Incentive Plan and were made in the open market. While insider purchases can be seen as a positive sign for Serabi’s future prospects, it is important to remember that they should not be the sole basis for an investment decision. The impact of these transactions on individual investors and the global gold market is expected to be limited.
Serabi remains focused on the development and operation of its Palmarejo Gold Mine in Mexico, which is expected to produce approximately 100,000 ounces of gold in 2025. For more information on Serabi, please visit the Company’s website at www.serabigold.com.
