Off the wire
• Breaching of river blockade in Indian-controlled Kashmir triggers flash floods  • Feature: Expo Milano 2015 visitors have taste of China  • Fatah, Hamas discuss with Lebanese parliament speaker on Palestinian reconciliation  • LME base metals close mostly lower on Thursday  • FTSE 100 falls on election day  • Pentagon audit finds government credit cards used for gambling, prostitutes: report  • Roundup: FAO predicts world food import bill to fall to five-year low  • EIB to further support major investment projects in Lithuania  • Spanish treasury places 4.463 billion euros on market, interest rates negative  • Nepal quake jeopardizes education for 1 million children: UNICEF  
You are here: 　 Home

UK mining company mulls plans to delist from Botswana

Xinhua, May 8, 2015 Adjust font size:

London based African Copper metal commodities miner is considering delisting from Botswana and UK.

The company with operations in Botswana is currently dual listing on Botswana Stock Exchange (BSE) and AIM, a bourse for smaller, growing companies on the London Stock Exchange.

Africa Copper statement received here on Thursday indicated the company's intention to seek shareholders' approval for the cancellation of admission of its ordinary shares on AIM and BSE.

"The size of the company and the lack of liquidity in the market for the company's shares have led the directors to undertake a review of the merits or otherwise of the company continuing to be admitted to trading on AIM and the BSE," it said.

"After careful consideration, the directors have concluded that it is no longer in the interests of the company to retain its admission on AIM and the BSE and that a proposal to cancel the admissions should be made to the shareholders at the general meeting," said the statement.

According to the company, a general meeting is expected to be held on May 27 at which the resolutions will be put to shareholders.

Last year Firestone Diamonds, a British junior miner delisted on BSE and disposed the company's operations. So far one bank has delisted from the BSE this year. Endi