Ace Gold & Precious Metals CEO Donovan William acquires $8,812 worth of Investing.com shares
Donovan William, a director of ASA Gold & Precious Metals Ltd (NYSE:ASA), recently bought shares in the company, according to a filing with the Securities and Exchange Commission. On January 10, William acquired a total of 400 shares in two separate transactions. Shares were purchased at prices ranging from $22.00 to $22.06, for a total value of $8,812.
After these transactions, William’s total stake in the company increased to 4,400 shares. These acquisitions reflect William’s continued investment in ASA Gold & Precious Metals, which is known for its focus on precious metals investments.
In other recent news, ASA Gold and Precious Metals Limited has adopted a shareholder rights plan to prevent creeping control and protect shareholder interests. This action comes in response to Saba Capital Management, LP’s current ownership of approximately 17.18% of ASA’s common stock. The rights plan is set to expire on December 20, 2024, and aims to prevent any entity, particularly Saba Capital, from taking control without offering a premium that the board or commission deems appropriate.
ASA Gold has also witnessed a governance dispute among its board members, as revealed in a recent filing with the SEC. This dissent involves two sets of directors: new directors, appointed by Saba, and legacy directors, nominated by the previous Board. Both parties have engaged separate legal counsel and are seeking compensation for their legal fees in accordance with the company’s articles of association.
Furthermore, ASA Gold has maintained consistent dividend payments for 18 consecutive years, demonstrating its commitment to shareholder value. This information, along with the company’s strategic position and financial condition, can be accessed by InvestingPro subscribers for a deeper understanding.
Finally, despite the ongoing disputes, ASA Gold emphasizes its openness to constructive engagement with Saba, provided it is aligned with the company’s investment focus in the precious metals sector. The board also expressed its willingness to work with all board members and shareholders to create a positive direction for the company’s future. These are some of the recent developments within the company.
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