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Goldplat chief executive buys shares in company

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Gold recovery specialist Goldplat (LON:GDP) announced today that chief executive Russell Lamming has bought shares in the company.

Yesterday, he bought 200,000 shares in the firm at 15.65 pence each for £31,300.

He now holds 0.12 per cent of the firm, it said in a brief statement.

Half of the shares will be held by Lamming while another 100,000 will be held by Clearwater Investments Group on behalf of a family trust, of which he is a beneficiary.

Earlier this month Lamming, who was appointed in August, said the firm wanted to expand its footprint and would be homing in on West Africa.

The company, which operates a precious metals processing and recovery business as well as mining and exploration ventures, already has operations in Ghana and Burkina Faso.

“We are the market leaders in South Africa, we are the only guys on the ground in Ghana and we’re trying to consolidate that position and grow it,” he told Proactive Investors.

“West Africa’s the gold growth area in Africa and that’s why we’ve got to be there."

Quick facts: Goldplat PLC

Price: 7.2 GBX

AIM:GDP
Market: AIM
Market Cap: £12.22 m
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