Neometals Ltd (ASX: NMT)
Announced that it is pursuing admission of its shares to trading on the AIM market of the London Stock Exchange as part of its strategy to capitalise on substantial UK and European investor interest in the Company’s role supporting sustainable circular battery value chains.
|Neometals||ASX : NMT|
|Stage||Production + development|
|Metals||Titanium + Vanadium + lithium + nickel|
|Market cap||A$250 m @ 50 c|
NEOMETALS TO LIST ON THE AIM MARKET Of THE LONDON STOCK EXCHANGE
Neometals Ltd (ASX: NMT) (“Neometals” or “the Company”), is pleased to announce
that it is pursuing admission of its shares to trading on the AIM market of the London Stock Exchange as part of its strategy to capitalise on substantial UK and European investor interest in the Company’s role supporting sustainable circular battery value
Neometals has commenced the preparatory work on the application for admission of its shares to trade on AIM.
Subject to the required regulatory approvals from the London Stock Exchange (“LSE”), including publication of an Admission Document, Neometals anticipates that it will be admitted to AIM during the second half of calendar year 2021.
• Neometals to seek a secondary ‘Introduction’ quotation on the AIM market of the London Stock Exchange (“AIM”)
• Preparatory work underway with advisers for targeted admission to trading on AIM in Q321
• Admission to AIM seeks to raise Neometals’ profile in Europe and improve access to investors searching for sustainable opportunities.
The AIM admission will not be coupled with an immediate capital raising and Neometals’ shares will continue to be listed and trade on the ASX.
Further detailed information will be made available in due course.
London-based securities firm, Cenkos Securities Plc (“Cenkos”), is acting as the Company’s nominated adviser and broker in relation to the proposed admission to trading on AIM.
Neometals Management Comments
“Neometals’ projects are advancing towards development decisions, so the time is right to maximise liquidity and better access the huge pools of European investment capital.
“Admission to the LSE extends the trading window available to investors and we
look forward to leveraging off Cenkos’ strong track record in supporting ESG-focused companies.
We also look forward to participating in LSE sustainability initiatives like the ‘Green Economy Mark’, which recognises companies deriving 50% or more of their revenues from environmental solutions.”
Neometals Managing Director Chris Reed
Authorised by the Board of Neometals Ltd
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