SolGold PLC Statement re Litigation with Ex-CEO
21 February 2025 - 9:15PM
RNS Regulatory News
RNS Number : 0468Y
SolGold PLC
21 February 2025
21 February
2025
SolGold plc
(05449516)
("SolGold" or the
"Company")
Litigation with
Ex-CEO
The Board of Directors of SolGold
(LSE & TSX: SOLG) makes the following statement in relation to
the litigation proceedings between Darryl Cuzzubbo v SolGold plc
and Ors. (QUD112/2023):
(i) the proceedings between Mr
Cuzzubbo and SolGold and its current and former directors have been
resolved by way of settlement;
(ii) SolGold no longer contends that
Mr Cuzzubbo engaged in any serious misconduct during his
employment;
(iii) the parties agree that, at the
time of Mr Cuzzubbo's termination, his view as to the company's
operation differed to that of the Board of SolGold; and
(iv) a payment was made by SolGold
to Mr Cuzzubbo in respect of the settlement and the terms of
settlement are otherwise confidential.
CONTACT:
|
Ryan Wilson
General Counsel
SolGold plc
|
Tel: +44
(0) 20 3807 6996
|
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