Galantas Gold Corporation has disclosed a board-level share transaction after receiving notice of a sale by one of its non-executive directors. The disposal covers 933,500 ordinary shares sold on 29 October 2026 at C$0.375 each, leaving the director with about 4.37% of the company’s issued share capital.
Highlights
- Lawrence Roulston, Galantas Gold Corporation non-executive director, sold 933,500 ordinary shares at C$0.375 each on 29 October 2026.
- Following the sale, Roulston's holdings total 37,200,045 shares, representing approximately 4.37% of Galantas’ issued share capital.
- Galantas disclosed the transaction in line with Market Abuse Regulation (EU) No. 596/2014, ensuring transparency for investors regarding board share dealings.
Board transaction details and disclosure
As reported by London Stock Exchange, Galantas Gold Corporation says it received notification on 30 October 2026 that Lawrence Roulston, a non-executive director of the board, sold 933,500 ordinary shares in the company a day earlier.The shares were sold at C$0.375 each on 29 October 2026. After the transaction, Roulston holds 37,200,045 shares in Galantas, equivalent to approximately 4.37% of the company’s issued share capital.
Regulatory context for investors
The company says further information is set out in the PDMR notification form issued under Market Abuse Regulation (EU) No. 596/2014, which remains part of UK law through the European Union (Withdrawal) Act 2018.Such disclosures are used to inform investors about dealings by persons discharging managerial responsibilities, offering transparency on insider transactions and their resulting ownership positions.
Our previous report on executive pay trends at South Africa’s JSE Top 200 companies described a sharp rise in variable compensation, with short- and long-term incentives growing much faster than fixed pay for CEOs and CFOs. It also highlighted new Companies Act requirements from May 2026 that tighten remuneration disclosure and introduce binding shareholder votes that can restrict non-executive directors’ roles on pay committees after repeated rejections.