DGR Global Supports 28p Per Share Offer in SolGold Acquisition

DGR’s Strategic Endorsement

DGR Global Limited, a significant shareholder in SolGold plc, has formally announced its intention to vote in favour of the proposed acquisition by Jiangxi Copper (Hong Kong) Investment Company Limited. The offer, valuing SolGold shares at 28 pence each, is set to be voted on by SolGold shareholders on 23 February 2026.

This decision follows careful consideration by the DGR board, which noted the absence of any alternative or superior proposals since Jiangxi Copper’s offer was made public. The unanimous backing of SolGold’s board for the scheme of arrangement adds further weight to the transaction’s prospects.

Governance and Transparency

In line with DGR’s governance policies, Managing Director Nicholas Mather abstained from the board’s deliberations and voting on the matter, ensuring impartiality and compliance with internal controls. The company has committed to keeping its shareholders informed of any material developments as the process unfolds.

DGR Global’s business model focuses on identifying and developing resource exploration projects with strong long-term commodity outlooks. Its stake in SolGold, a London Stock Exchange-listed company, reflects its strategic interest in base metals and resource assets with significant growth potential.

Market Implications and Next Steps

The endorsement by a major shareholder like DGR is a critical milestone for Jiangxi Copper’s bid, potentially smoothing the path to completion. Investors will be watching closely as the shareholder vote approaches, with the outcome likely to influence market sentiment around both SolGold and DGR’s portfolio.

While the offer price is fixed at 28 pence per share, the absence of competing bids leaves some uncertainty about whether the deal represents the optimal value for SolGold shareholders. DGR’s support signals confidence in the offer’s fairness and strategic rationale, but the final shareholder decision remains pivotal.