Marula Mining
PLC
("Marula'' or the "Company")
25 April
2024
Commencement of Trading on
A2X
Marula Mining (AQSE: MARU), an
African-focused mining and development business, is pleased to
announce that its ordinary shares have commenced trading on the A2X
Proprietary Limited ("A2X Markets" or "A2X"), an independent stock
exchange in South Africa, under the share code "MAR",
today.
Highlights:
·
A2X is a licensed and regulated stock exchange
in South Africa that provides a secondary platform for
companies to list their shares for trade
·
The secondary listing on A2X will enlarge Marula's
shareholder base and provide South African investors with an
opportunity to invest in the Company
·
Shares will list for trade by way of introduction
on A2X under the share code "MAR"
·
Marula engaged AcaciaCap Advisors (Pty) Ltd
("AcaciaCap") as its Sponsor to manage and fast-track the A2X
listing process
·
Marula will retain its primary listing on the
Aquis Stock Exchange AQSE Growth Market ("AQSE") and its issued
share capital will be unaffected by its secondary listing on
A2X
·
The Company will continue to seek a dual listing
on the Johannesburg Stock Exchange
Jason Brewer, Marula Mining PLC CEO, said:
"Marula's secondary listing on A2X marks
an important step ahead in our journey, expanding our investor base
and creating potential for strategic acquisitions in South Africa.
Our listing on A2X makes investing and trading in our shares
easier, increasing accessibility and liquidity, as we have a large
South African shareholder base ready to
participate.
"We want to thank our advisors,
AcaciaCap, for managing and
fast-tracking the A2X listing process.
"This secondary listing complements our
continuous efforts towards listing on the Johannesburg Stock
Exchange and transitioning our primary listing on the London Stock
Exchange to the Standard Segment of the Main Market. These
strategic decisions are consistent with our main goal of
strengthening Marula's position as a leading figure in the mining
sector, creating value for our stakeholders, and promoting
sustainable development in the communities where we
operate."
Kevin Brady, A2X CEO, said:
"We are delighted to announce Marula's launch
on our market today, and we are glad that A2X has been chosen as
the platform for South African investors to engage in this
endeavor. This marks a significant milestone as the second inward
listing on A2X. We anticipate that A2X will enhance investment
opportunities for the South African market."
About A2X
A2X Markets, an independent South
African stock exchange founded in 2014, is licensed and regulated
by the Financial Sector Conduct Authority (FSCA) and the Prudential
Authority (PA) in terms of the Financial Markets Act in South
Africa. The A2X provides an additional trading venue for a company
to secondary list their shares for trade, it is authorised to
secondary list Shares, ETFs and ETNs as well as to inward list
shares with a foreign primary listing.
Find out more about A2X Markets
here: https://www.a2x.co.za/
About AcaciaCap
AcaciaCap was established over 22
years ago. They boast a skilled workforce, providing comprehensive
corporate finance and listing consultancy services. From major
publicly traded companies to small owner-driven businesses, they
cater to diverse entrepreneurial enterprises. Specializing in
sponsor and designated advisor services, offering listing services
for A2X and the Cape Town Stock Exchange, their expertise covers
business finance, mergers and acquisitions, capital raising, and
valuation.
Find out more about AcaciaCap
here: www.acaciacap.co.za
The
Directors of Marula are responsible for the contents of this
announcement.
About Marula Mining
Marula Mining (AQSE: MARU) is an
African focused battery metals investment and exploration company
and has interests in several high value mine projects in Africa;
the Blesberg Lithium and Tantalum Mine and Korridor Lithium Project
in South Africa, the Kinusi Copper Mine, the Nyorinyori Graphite
Project, the NyoriGreen Graphite Project and the Bagamoyo Graphite
Project all in Tanzania, the Nkombwa Hill Project in Zambia and the
Larisoro Manganese Mine located in Kenya. As we advance operations
at these battery metals focused projects, Marula will continue to
build and expand its interests in other high-quality projects in
Africa.
Marula's strategy is to identify and
invest in advanced and high-value mining projects throughout East,
Central and Southern Africa that the Directors believe would
deliver returns for its shareholders. The Board and management team
aims to establish Marula as a socially and environmentally
responsible, sustainable, and profitable producer of critical
metals and commodities that are of increasingly strategic
importance to modern technologies and the global economy. Marula's
shares are traded on the AQUIS Stock Exchange (AQSE), Marula is
exploring opportunities to admit its shares to trading on the
London Stock Exchange plc's Standard List, Kenya's Nairobi
Securities Exchange and South Africa's Johannesburg Stock
Exchange.
For
enquiries contact:
Marula Mining PLC
Jason Brewer,
Chief Executive Officer
Faith Kinyanjui Mumbi
Investor Relations
|
Email :
jason@marulamining.com
Email :
info@marulamining.com
|
AQSE Corporate Adviser
Cairn Financial Advisers LLP,
Liam Murray / Ludovico Lazzaretti
|
+44 (0)20
7213 0880
|
Broker
Peterhouse Capital Limited,
Charles Goodfellow / Duncan Vasey
|
+44
(0)20 7469 0930
|
Financial PR and IR
BlytheRay
Tim
Blythe / Megan Ray / Said Izagaren
|
+44 (0)20 7138 3204
|
Caution:
Certain statements in this
announcement, are, or may be deemed to be, forward looking
statements. Forward looking statements are identified by their use
of terms and phrases such as ''believe'', ''could'', "should"
''envisage'', ''estimate'', ''intend'', ''may'', ''plan'',
''potentially'', "expect", ''will'' or the negative of those,
variations or comparable expressions, including references to
assumptions. These forward-looking statements are not based on
historical facts but rather on the Directors' current expectations
and assumptions regarding the Company's future growth, results of
operations, performance, future capital and other expenditures
(including the amount, nature and sources of funding thereof),
competitive advantages, business prospects and opportunities. Such
forward looking statements reflect the Directors' current beliefs
and assumptions and are based on information currently available to
the Directors.