Global Precious Commodities PLC
Global Precious Commodities PLC: Listing
Global Precious Commodities PLC / Key word(s): Miscellaneous 10.09.2012 / 18:50 --------------------------------------------------------------------- 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@gpcplc.com Investor Relations Department Email: admin@piergroupsa.co.za and ir@gpcplc.com End of Corporate News --------------------------------------------------------------------- 10.09.2012 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 --------------------------------------------------------------------- 184823 10.09.2012
Aktuelle News
Aktuelle Berichte
Keine Berichte gefunden
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden