DGAP-News: Global Precious Commodities PLC: Listing
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Global Precious Commodities PLC: Listing
10.09.2012 / 18:50
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GLOBAL PRECIOUS COMMODITIES PLC
The Board of Directors of Global Precious Commodities PLC have implemented
the actions listed below listed with the objective for Global Precious
Commodities PLC to be listed within September / October 2012 on the London
Stock Exchange Main Board and also to upgrade during the same period the
German listing of the Company shares to the General Market Standard of the
Frankfurt a.m. Stock Exchange as within the European Union regulated
market.
Stated objective is to achieve the highest possible listing standard for
both shareholders and investors:
1.
Resolved to acquire a United Kingdom Main Board London Stock Exchange 'cash
positive' shell Company via a reverse takeover.
2.
Resolved by Board Resolution dated August 23rd 2012 to upgrade, in parallel
to the UK acquisition, the company listing to the General Standard at the
Frankfurt Stock Exchange.
3.
In further due preparation for the acquisition of the United Kingdom Main
Board Stock Exchange listed company and the parallel application process to
upgrade the shares to the General Market Standard of the Frankfurt Stock
Exchange and to protect shareholder collective interest the Board of
Directors have decided:
- Resolved to increase the nominal issued share capital of the Company from
101 million shares of Euro ten cents (nominal) paid per share to 120
million shares of Euro one (nominal) per share.
- The price of the shares on the Frankfurt Unofficial Regulated Market have
as at close of business today been frozen at the closing price of Euro
17/share and share trading halted as under the rules and regulations of the
Frankfurt Stock Exchange.
- The Directors of Global Precious Commodities PLC have given notification
to the Frankfurt Stock Exchange of the intent to upgrade the Company to the
higher General Standard.
- Deloitte are engaged to conduct the Audit of the Company and completion
of the Auditing of the Financial Statements of the Company as at February
29th 2012 is currently in process by Deloitte, Pretoria, South Africa and
Deloitte, London, UK.
- The Company Prospectus as required for the upgrading of the shares to the
General Market Standard of the Frankfurt Stock Exchange is prepared in
German and English language and ready to be submitted as a part of the
General Standard application process once the Audit is completed expected
within the next three to four week period.
- The Net Present Value of the assets of Global Precious Commodities PLC
(excluding North America, Turkey and European projects) are fully expected
to be audited at a value of approximately Euro 3 billion as at February
29th 2012.
With respect to the German listing, the Company have agreed that their
application to upgrade to the higher General Market Standard will be given
a 'fast track' (two week) priority by the Frankfurt Stock Exchange upon
submission of the Prospectus and audited accounts.
The Board of Directors anticipate the shares of Global Precious Commodities
PLC will reopen for trading next month but in any event no later than
mid-October at a price level considerably in excess of the closing price on
August 27th 2012.
Contact:
Global Precious Commodities PLC:
Brian P. de Thorpe Millard
Executive Chairman and Managing Director
Email: brian(at)gpcplc.com
Investor Relations Department
Email: admin(at)piergroupsa.co.za and ir(at)gpcplc.com
End of Corporate News
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184823 10.09.2012
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Datum: 10.09.2012 - 18:50 Uhr
Sprache: Deutsch
News-ID 181970
Anzahl Zeichen: 9127
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Kategorie:
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