Publication of a Prospectus
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Golden Prospect Precious Metals Limited – Publication of a Prospectus
27 October 2026
GOLDEN PROSPECT PRECIOUS METALS LIMITED
(the “Company”)
LEI: 549300SD5YLRIUMIG395
Publication of a Prospectus
Further to the Company’s announcement of 22 October 2026, the UK Financial Conduct Authority (the "FCA") has today approved a prospectus relating to the admission of the Company's ordinary shares of 0.01 pence each (the “Ordinary Shares”) to the closed-ended investment funds category of the FCA’s Official List and to trading on the London Stock Exchange’s Main Market (the "Admission").
A copy of the prospectus will shortly be available on the Company's website (www.bakersteelcap.com/baker-steel-golden-prospect-precious-metals/) and uploaded to the National Storage Mechanism at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
The Company expects:
- Admission to become effective, and dealings in the Ordinary Shares on the Main Market to commence, on or around 30 October 2026; and
- the listing of the Ordinary Shares on the Official List of TISE to be cancelled with effect from 20 November 2026 (the “TISE Cancellation”).
The proposed transition remains subject to the London Stock Exchange admitting the Ordinary Shares to trading on its Main Market, and satisfaction of any other applicable legal, regulatory or procedural requirements. The dates above are indicative only and may change.
For further information
|
Monica Tepes, Chair |
Via Company Secretary, GPPML@nsm.group |
|
Fund Manager Baker Steel Capital Managers LLP
Cosmo Sturge |
+44 (0) 20 7389 0009 |
|
Company Secretary NSM Funds Limited |
+44 (0)1481 743 030 GPPML@nsm.group |
|
Sponsor |
+44 (0)20 3755 6000 |
|
Broker Cavendish Capital Markets Limited Robert Peel (Corporate Finance) Daniel Balabanoff / Pauline Tribe (Sales) |
+44 (0)20 7908 6000 +44 (0)20 7720 0500 |
About Golden Prospect Precious Metals (website here)
Golden Prospect Precious Metals Limited is an authorised closed-ended collective investment scheme regulated by the Guernsey Financial Services Commission, with GFSC Reference number 1037204, pursuant to the Protection of Investors (Bailiwick of Guernsey) Law, 2020, as amended, and the Authorised Closed-Ended Investment Schemes Rules and Guidance 2021. The Company was incorporated with limited liability in Guernsey on 16 October 2006 with registered number 45676.
The investment objective of the Company is to deliver attractive returns to shareholders, both in the form of capital growth and attractive regular dividends, with any dividends to be funded in whole or in part by income and/or capital reserves.
The Company seeks to achieve its objective by investing in a portfolio of listed small and mid-cap companies involved in the gold, silver and other precious metals mining sector, diversified across explorers, developers and producers.
The Company’s current dividend policy, announced on 10 July 2026, is to target an annual dividend of c. 6% to be paid quarterly at a rate of 1.5% of the NAV per ordinary share at the end of the preceding quarter.
About Baker Steel Capital Managers LLP (website here)
Baker Steel Capital Managers LLP (“Baker Steel”) was appointed Investment Manager to Golden Prospect Precious Metals on 19 October 2026.
Baker Steel is an independently owned specialist investment manager founded in 2001, focused on natural resources, mining, gold and precious metals equities.
The firm employs a value-driven, actively managed investment approach combining bottom-up stock selection, technical sector expertise and rigorous risk management.
Baker Steel manages assets on behalf of professional investors, wealth managers and financial institutions from offices in London and Perth, Western Australia.
The firm is authorised and regulated by the UK Financial Conduct Authority.
Important notice
Howard Kennedy Corporate Services LLP, which is authorised and regulated in the United Kingdom by the FCA, is acting exclusively for the Company as sponsor in connection with the Admission and for no one else. It will not regard any other person as its client in relation to the proposed admission or be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice in relation to the proposed admission, the contents of this announcement or any matter referred to herein.
Ogier Corporate Finance Limited is acting exclusively for the Company as TISE sponsor in connection with the TISE Cancellation and for no one else. It will not be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice concerning the TISE Cancellation, the contents of this announcement or any matter referred to herein.
This announcement is for information purposes only. It does not constitute or form part of an offer to sell or issue, or a solicitation of an offer to purchase, subscribe for or otherwise acquire, any securities in any jurisdiction. Any investment decision relating to the Ordinary Shares should be made solely on the basis of the prospectus.
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