Talvivaara Mining Co Talvivaara Mining Company Plc: Notice Regarding Application For Delisting Of Shares From The London Stoc...
13 Junho 2014 - 11:26AM
UK Regulatory
TIDMTALV
Stock Exchange Release
Talvivaara Mining Company Plc
13 June 2014
Notice Regarding Application for Delisting of Shares from the London
Stock Exchange
Talvivaara Mining Company Plc (the "Company") hereby announces that the
Company has resolved at a meeting of its board of directors held today,
to request the cancellation of the premium listing of its shares of
common stock (ISIN: F10009014716, the "Shares") from the Official List
of the UK Listing Authority and the cancellation of the admission to
trading of the Shares on the Main Market of the London Stock Exchange
(the "LSE"). The details are as follows:
1. Reason for Applying to Delist
The Company has decided to apply for the delisting in order to reduce
its costs associated with potential material capital market transactions
and other transactions in a distressed financial situation and based on
the fact that approximately 79 per cent of the trading in the Shares
took place on the official list of NASDAQ OMX Helsinki Ltd (the
"Helsinki Stock Exchange") between 1 May 2013 and 30 April 2014. Further,
the Company considers there to be no significant benefit in maintaining
the listing.
The Company does not anticipate that such delisting will adversely
affect its shareholders or other investors, since the Shares will
continue to be listed and tradable on the official list of the Helsinki
Stock Exchange.
2. Delisting Schedule
An application has been made to the UK Listing Authority for the Shares
to be removed from the Official List and to the LSE for their
cancellation from trading. The delisting and cancellation of trading of
the Shares on the LSE is expected on or around 14 July 2014.
The trading code of the Shares in the Helsinki Stock Exchange is "TLV1V"
and in the LSE "TALV".
Enquiries
Talvivaara Mining Company Plc Tel +358 20 7129 800
Pekka Perä, CEO
Saila Miettinen-Lähde, Deputy CEO and CFO
Talvivaara Mining Company Plc
Talvivaara Mining Company is an internationally significant base metals
producer with its primary focus on nickel and zinc using a technology
known as bioheapleaching to extract metals out of ore. Bioheapleaching
makes extraction of metals from low grade ore economically viable. The
Talvivaara deposits comprise one of the largest known sulphide nickel
resources in Europe. The ore body is estimated to support anticipated
production for several decades. Talvivaara has secured a 10-year
off-take agreement for 100 per cent of its main output of nickel and
cobalt to Norilsk Nickel and entered into a long-term zinc streaming
agreement with Nyrstar. Talvivaara is listed on the London Stock
Exchange Main Market and NASDAQ OMX Helsinki. Further information can be
found at www.talvivaara.com.
Notice Regarding Application for delisting of Shares from the LSE:
http://hugin.info/136227/R/1792995/617202.pdf
This announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Talvivaaran Kaivososakeyhtiö Oyj via Globenewswire
HUG#1792995
http://www.talvivaara.com
Talvivaara (LSE:TALV)
Gráfico Histórico do Ativo
De Nov 2024 até Dez 2024
Talvivaara (LSE:TALV)
Gráfico Histórico do Ativo
De Dez 2023 até Dez 2024
Notícias em tempo-real sobre Talvivaara da Bolsa de Valores de Londres bolsa de valores: 0 artigos recentes
Mais Notícias de Talvivaara