NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN OR INTO AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE UNITED STATES, ANY TERRITORY OR POSSESSION THEREOF OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.
17 September 2025
Hamak Gold Limited
("Hamak Gold" or the "Company")
Director's Dealings
Hamak Gold Limited (LSE: HAMA) announces that, after the Board of Directors having given approval, it has been notified on 17 September 2025 that Executive Director Karl Smithson has transferred the following shares from a nominee account in his personal name into his personal SIPP as follows:
| | | | | | | ||||||
| Number of shares sold from nominee account
| Average Price per share sold (p) | Number of shares bought into SIPP | Average Price per share bought (p) | Total beneficial holding before transfer
| Total beneficial holding after to transfer
| ||||||
| 1,083,358 | 4.43 | 836,917 | 4.18 | 17,016,703 | 16,769,462 | ||||||
| | | | | | |
| |||||
| | | | | | |
| |||||
As a result of the transfer costs and a provision for tax, the total new beneficial holding of Mr. Smithson, including those held by his spouse, after this share transfer is 16,769,462 shares, representing 3.71% of the issued share capital of the Company.
For the purposes of UK MAR, the person responsible for arranging release of this announcement on behalf of Hamak Gold is Karl Smithson, Executive Director.
For further information you are invited to view the company's website at www.hamakgold.com or please contact:
| Hamak Gold Limited Nick Thurlow Karl Smithson |
|
| Peterhouse Capital Limited (Corporate Broker) Yellow Jersey PR Annabelle Wills | +44 (0) 20 7469 0930
+44 (0) 20 3004 9512
|
About Hamak Gold Limited
Hamak Gold Limited (LSE: HAMA) is a UK listed company focussed on gold exploration in Africa and with a strategy of pursuing a BTC/ crypto treasury management policy. Through its LSE main board and OTCQB listings investors underweight crypto can get professional exposure to this asset class.
Important Notice
The Company maintains some of its treasury reserves and surplus cash in Bitcoin, a form of cryptocurrency. The Company is not authorised or regulated by The Financial Conduct Authority (FCA) and Bitcoin investments are generally not subject to regulation by the FCA or otherwise in the United Kingdom. Neither the Company nor investors in the Company's shares are protected by the UK's Financial Ombudsman Service or the Financial Services Compensation Scheme.
However the FCA considers Bitcoin investments to be high-risk. The value of Bitcoin can go up as well as down, leading to fluctuations in the value of the Company's Bitcoin holdings, and the Company may not be able to realise its Bitcoin holdings for the same amount it paid to acquire them, or even for the value the Company currently attributes to its Bitcoin positions.
The Company's Board of Directors have identified the following risks in relation to the holding of Bitcoin, which are not exhaustive:
• The value of Bitcoin can be highly volatile, with its value falling as quickly as it rises. Investors in Bitcoin must be prepared to lose all money invested.
• The Bitcoin market is largely unregulated. There is a risk of losing money due to factors such as cyber-attacks, financial crime, and counterparty failure.
• The Company may not be able to sell its Bitcoin at will. The ability to sell Bitcoin depends on various factors, including the supply and demand in the market at the relevant time. Operational failings such as technology outages, cyber-attacks, and comingling of funds could cause unwanted delays.
• Cryptoassets carry a perception of fraud, money laundering, and financial crime.
An investment in the Company is not an investment in Bitcoin itself, but prospective investors in the Company are encouraged to conduct their own research before investing and should be aware that they will have indirect exposure to the high-risk nature of cryptoassets, including their volatility, and could therefore sustain large or total losses of their investment.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
| 1. | Details of the person discharging managerial responsibilities/person closely associated | |||||||||
| a) | Name: | Nicholas Karl Smithson | ||||||||
| 2. | Reason for the notification | |||||||||
| a) | Position/status: | Executive Director | ||||||||
| b) | Initial notification/Amendment: | Amendment | ||||||||
| 3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||||
| a) | Name: | Hamak Gold Limited | ||||||||
| b) | LEI: | 213800KTOST6JI2R2865 | ||||||||
| 4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||||||
| a) | Description of the financial instrument, type of instrument: | Ordinary shares of no par value each
| ||||||||
| b) | Nature of the transaction: | Transfer of Ordinary Shares to ISA Account | ||||||||
| c) | Price(s) and volume(s): | Sale of shares
| ||||||||
| d) | Aggregated information:
Price(s) and volumes: | Single transaction as in 4 c) above Purchase of shares
| ||||||||
| e) | Date of the transaction: | 17 September 2025 | ||||||||
| f) | Place of the transaction: | Main Market London Stock Exchange | ||||||||
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.