DGAP-News: Astra Resources Plc: Astra announces intention to upgrade to Entry Standard (2012) and General Standard or other major global exchange (2013/2014)
(firmenpresse) - DGAP-News: Astra Resources Plc / Key word(s): Strategic Company
Decision/Miscellaneous
Astra Resources Plc: Astra announces intention to upgrade to Entry
Standard (2012) and General Standard or other major global exchange
(2013/2014)
22.02.2012 / 13:00
---------------------------------------------------------------------
Astra announces intention to upgrade to Entry Standard (2012) and General
Standard or other major global exchange (2013/2014)
Adelaide, Australia - February 22 2012: International diversified resources
company, Astra Resources Plc (FWB: 9AR), has announced its intention to
upgrade its listing on the Frankfurt Stock Exchange to the Entry Standard
in 2012 and, in the future, to the General Standard and/or another major
global exchange in 2013/2014.
With revenue growth expected in 2012 and 2013 management has decided, in
terms of its Frankfurt Stock Exchange listing status, to improve the
listing status of Astra within the next 24 months in order to better
reflect the company's growth and assets.
The move to the Entry Standard or an EU law regulated board is a step
towards the release of a future global prospectus for an IPO of Astra stock
which is likely to be backed by leading investment banks in New York,
London, Frankfurt and Asia.
The Entry Standard is similar to the Alternative Investment Market (AIM) in
London. Astra intends to upgrade from Frankfurt's First Quotation Board
(FQB) to the Entry Standard in the next few months and a prospectus will be
released later this year in conjunction with the aforementioned IPO.
The Entry Standard is a segment within the Open Market (regulated
unofficial market) of the Frankfurt Stock Exchange, the stock exchange of
Deutsche Börse AG, and is Astra's next step on the way to General Standard
segment (an EU Regulated Market segment) or other major global exchange and
is a well- accepted access point to the capital market.
Astra CEO Dr Jaydeep Biswas says this is an important step forward for
Astra as we establish ourselves as a truly international diversified
resources company.
'Listing on the Entry Standard in 2012 and in future on the General
Standard or other major global exchange in 2013/2014 requires a higher
level of disclosure, transparency and reporting which will appeal to both
our growing base of institutional and retail investors,' Dr Biswas says.
Astra Managing Director Silvana De Cianni says Astra is continually adding
to its global portfolio.
'Astra's move to the Entry Standard and later on to the General Standard
segment or other major global exchange will not only make us a more
attractive investment opportunity, but also increase our presence on a
wider scale,' Ms De Cianni says.
'The inclusion of our shares in exchange trading in the Entry Standard and
at a later stage at the General Standard or other major global exchange
provides Astra with one of the fastest and most professional ways of
accessing the Frankfurt stock market in terms of institutional funds and
bonds supporting our global expansion plans.'
In addition to an increasing amount of disclosure and transparency for
Astra's investors and shareholders resulting from these listing upgrades,
Astra's management has engaged Squire Sanders, a leading global law firm
(www.squiresanders.com), to assist Astra in completing and filing the
future IPO securities prospectus.
Furthermore, Astra confirmed today that management has recently visited
London and has interviewed a major global accounting and audit firm, which
will be another step towards full audit transparency and a reliably
focussed Corporate Governance policy.
Astra Resources' global portfolio includes gold interest in Southeast Asia,
coal mine in Africa, iron ore in India and the Philippines, the production
of the high-strength T-Steel technology in Hungary, carbon-efficiency
businesses and the provision of mining services housing in Rockhampton,
Queensland.
ENDS
For all media enquiries contact:
Bruce Nelson +61 (0) 423 403 449 (bruce(at)zakazuhka.com)
Caitlin Petrou +61 (0) 402 823 343 (Caitlin(at)astraresources.com.au)
W: www.astraresources.co.uk
Disclaimer in regards to Forward-looking Statements
Certain statements included herein, including those that express
management's expectations or estimates of our future performance constitute
'forward-looking statements' within the meaning of applicable securities
laws. Forward-looking statements are necessarily based upon a number of
estimates and assumptions that, while considered reasonable by management
at this time, are inherently subject to significant business, economic and
competitive uncertainties and contingencies. Investors are cautioned not to
put undue reliance on forward looking statements. Except as required by
law, Astra Resources PLC does not intend, and undertakes no obligation, to
update any forward-looking statements to reflect, in particular, new
information or future events.
End of Corporate News
---------------------------------------------------------------------
22.02.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
157660 22.02.2012
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 22.02.2012 - 13:00 Uhr
Sprache: Deutsch
News-ID 117162
Anzahl Zeichen: 3222
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 279 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Astra Resources Plc: Astra announces intention to upgrade to Entry Standard (2012) and General Standard or other major global exchange (2013/2014)"
steht unter der journalistisch-redaktionellen Verantwortung von
Astra Resources Plc (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
