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Anglo Pacific Group PLC ("Anglo Pacific" or the "Company") (LSE: APF, TSX: APY) announces that the Company intends to apply for a transfer of the Company's listing category from a "premium listing (commercial company)" on the Official List of the London Stock Exchange and into the category of a "standard listing" on the Official List of the London Stock Exchange (the "Proposed Transfer"). The Company will maintain its existing listing on the Toronto Stock Exchange.
The Proposed Transfer is a result of ongoing discussions with the UK Listing Authority (the "UKLA") in relation to the appropriate categorisation of the Company under the Listing Rules with respect to technical considerations related to the Company's royalty business model.
After careful consideration of the various alternative listing regimes available to the Company, the Board has concluded that remaining on the Official List with a standard listing will be the most appropriate listing category for the Company. The standard listing fully complies with the relevant European Directives setting common listing standards across all European Union member states. Accordingly, the Company would remain subject to the relevant UK Listing Rules, the UK Disclosure and Transparency Rules and the UK Prospectus Rules. The Company intends to continue to maintain its high standards in corporate governance that are familiar to its long term investors and, where appropriate, will consider compliance on a voluntary basis with certain of the governance practices that go further than the standard listing requirements.
The Proposed Transfer is subject to the UKLA confirming that the Company meets the eligibility requirements for such a listing and shareholder approval by special resolution.
Further details will be included in a circular to be sent to shareholders in due course.
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Anglo Pacific Group plc
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PRODUCER |
CODE : APF.L |
ISIN : GB0006449366 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Anglo Pacific is based in United kingdom. Anglo Pacific produces iron in Brazil, and holds various exploration projects in Brazil. Its main asset in production is AMAPA in Brazil. Anglo Pacific is listed in Australia, in Germany, in United Kingdom and in United States of America. Its market capitalisation is GBX 26.7 billions as of today (US$ 31.9 billions, € 32.2 billions). Its stock quote reached its lowest recent point on September 28, 2001 at GBX 10.02, and its highest recent level on October 05, 2022 at GBX 157.00. Anglo Pacific has 169 942 000 shares outstanding. |