Berkeley Energia Limited Intention to list on Main Board LSE and in Spain (8257M)
2018年5月2日 - 3:01PM
RNSを含む英国規制内ニュース (英語)
TIDMBKY
RNS Number : 8257M
Berkeley Energia Limited
02 May 2018
BERKELEY ENERGIA LIMITED
NEWS RELEASE | 2 May 2018 | AIM/ASX: BKY
Intention to list on the Main Board of the London Stock Exchange
and on the Spanish Stock Exchanges
Berkeley Energia Limited ("Berkeley" or "Company") is pleased to
announce it intends to apply for admission of its ordinary shares
("Shares"): (i) to the standard listing segment of the Official
List of the UK Financial Conduct Authority ("FCA") and to the
London Stock Exchange ("LSE") for trading on its main market for
listed securities (together "LSE Admission") and (ii) to the
Spanish Stock Exchanges of Madrid, Barcelona, Bilbao and Valencia
("Spanish Stock Exchanges") (together the "Admissions"). Pursuant
to Rule 41 of the AIM Rules for Companies, the Company hereby gives
notice of the intended cancellation of trading of its Ordinary
Shares on the AIM market of the London Stock Exchange ("AIM").
Given the geographic location of the Company's Salamanca project
in Europe and the size and maturity of the Company and its
operations, the Directors consider that a listing on both the Main
Board LSE and the Spanish Stock Exchanges is appropriate to provide
the Company with options for its future growth potential. The
Directors believe that such listings will provide increased
liquidity for its investor base and provide access to significant
new pools of capital including large Spanish institutional
shareholders, mutual funds and pension funds as well as retail
shareholders in Europe, many of which could not be accessed
previously. Furthermore, the listings are expected to deliver a
higher profile for the Company in European markets, including the
potential for local Spanish ownership of the Company's shares which
is considered an important strategic consideration.
Managing Director, Paul Atherley, commented:
"Our decision to list on the Main Board LSE and Spanish Stock
Exchanges represents a major strategic move forward for the
Company.
It will allow us to build support amongst European institutional
investors whilst we advance activities on site.
We are immensely proud of the work by the team in Spain which is
developing the mine to world's highest environmental standards
potentially creating over 450 direct jobs and rejuvenating a local
community badly hit by long term unemployment.
We are grateful for the strong support we have from the regional
government and from the broader community reflecting the growing
awareness of the benefits the investment by Berkeley is bringing to
the region."
This announcement is for information purposes only and is not a
prospectus. Investors should not subscribe for or purchase any
transferable securities referred to in this announcement except on
the basis of information in the prospectus intended to be published
by the Company (and together with its subsidiaries, the "Group") in
due course in connection with the proposed admission of its
ordinary shares to the standard listing segment of the Official
List of the FCA and to trading on the Main Market for listed
securities of the London Stock Exchange. Copies of the prospectus
will, following publication, be available for inspection from the
Company's registered office and from the Company's website
www.berkeleyenergia.com
The Company's existing listing on the Australian Securities
Exchange ("ASX") will remain unchanged. Berkeley's shares (or
depository interests representing shares) will be transferable
between the ASX, LSE and the Spanish Stock Exchanges.
It is expected that the Company will publish a prospectus in
connection with the Admissions on or around 30 May 2018 and that,
subject to the receipt of the necessary approvals from the FCA, the
Shares will be admitted to the Official List and commence trading
on the Main Market and Spanish Stock Exchanges on or around the 6
or 7 June 2018. Simultaneously trading will be cancelled on AIM
(being at least 20 business days after this announcement). The
Company's shares will continue to be registered with their existing
ISIN number AU000000BKY0 and SEDOL number B1KZDW4. The Company's
ticker symbol will continue to be BKY. The prospectus will, when
issued, be made available on the Company's website at
www.berkeleyenergia.com.
Berkeley does not intend to undertake a public offering in
connection with the Admissions.
The Admissions mark another important step for the Company as it
continues with activities at the Salamanca project. Following an
investment of up to US$120m from the Oman sovereign wealth fund
last year, the Company is now funded for upfront capital costs as
it proceeds with activities at the Salamanca project.
The decision to simultaneously list the Company in Spain
reinforces Berkeley's long term commitment to the country and the
investment it is making there, which is expected to create over
2,500 direct and indirect jobs in a region that has suffered from
some of the highest levels of unemployment in the European
Union.
The Company's existing shareholders should consult their own tax
advisers as to the tax implications of the Company's proposed move
to the Main Market.
Further announcements will be made in due course.
For further information please contact:
Berkeley Energia Limited +44 20 3903 1930
Paul Atherley, Managing Director and CEO info@berkeleyenergia.com
Berenberg (Joint Broker) +44 20 3207 7800
Matthew Armitt
James Brooks
Tamesis Partners (Joint Broker) +44 203 882 2868
Charles Bendon
Richard Greenfield
WH Ireland Limited (Nominated Adviser and Joint Broker) +44 20 7220 1683
Tim Feather, Director
Jessica Cave, Assistant Director
Alex Bond, Executive
Important notice
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulation ("MAR"). Upon the publication of this
announcement via a Regulatory Information Service ("RIS"), this
inside information is now considered to be in the public
domain.
Forward Looking Statements
Statements regarding plans with respect to Berkeley's mineral
properties are forward-looking statements. There can be no
assurance that Berkeley's plans for development of its mineral
properties will proceed as currently expected. There can also be no
assurance that Berkeley will be able to confirm the presence of
additional mineral deposits, that any mineralisation will prove to
be economic or that a mine will successfully be developed on any of
Berkeley mineral properties. These forward-looking statements are
based on Berkeley's expectations and beliefs concerning future
events. Forward looking statements are necessarily subject to
risks, uncertainties and other factors, many of which are outside
the control of Berkeley, which could cause actual results to differ
materially from such statements. Berkeley makes no undertaking to
subsequently update or revise the forward-looking statements made
in this announcement, to reflect the circumstances or events after
the date of that announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
ITFLIFLLEDIFIIT
(END) Dow Jones Newswires
May 02, 2018 02:01 ET (06:01 GMT)
Berkeley Energia (LSE:BKY)
過去 株価チャート
から 6 2024 まで 7 2024
Berkeley Energia (LSE:BKY)
過去 株価チャート
から 7 2023 まで 7 2024