UK Main Market and Scheme of Arrangement (2451F)
April 20 2011 - 3:13AM
UK Regulatory
TIDMAGLD
RNS Number : 2451F
Allied Gold Limited
20 April 2011
THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR
PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
INTO THE UNITED STATES OR ANY JURISDICTION IN WHICH SUCH
PUBLICATION RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL
20 April 2011
UK MAIN MARKET LISTING AND
SCHEME OF ARRANGEMENT
Allied Gold Limited (Allied) is progressing plans to migrate its
current listing on the London AIM market to a Premium Listing on
the London Stock Exchange's (LSE) Main Market in 2011.
In addition to the benefits of higher investor profile and
market liquidity, a premium listing would also allow Allied to
potentially be included in FTSE indices.
As part of the listing process, Allied shareholders and
optionholders will be required to approve two interdependent
schemes of arrangement to change the company's place of
incorporation to the UK.
Under the proposal, all existing shares and options in Allied
will be exchanged for shares or options in Allied Gold Mining PLC a
company that has been incorporated in England and Wales to become
the new holding company for the Allied Group.
Allied intends to lodge with the Australian Securities and
Investments Commission (ASIC) a draft scheme booklet and option
explanatory statement on 28 April 2011.
The draft scheme booklet and option explanatory statement will
also be filed with the Court to convene two separate scheme
meetings, one for the shareholders and one for optionholders.
Once the Court has convened the scheme meetings, shareholders
and optionholders will be sent copies of the relevant scheme
booklets, notice of share scheme meetings and instructions on how
to vote.
The potential advantages and disadvantages of the proposal will
be discussed in the explanatory statement. The proposal may also
have taxation implications for Allied shareholders.
For further information please contact:
Allied Gold
Australia - Simon Jemison - Investor and Media
+61-418-853-922
Canada - Rebecca Greco - Investor Relations +1 416-839-8610
London - David Simonson - C/. MerlinPR + 44(0) 20 7736 8400
Beaumont Cornish Limited (NOMAD)
Roland Cornish - +44 (0) 207 628 339
This information is provided by RNS
The company news service from the London Stock Exchange
END
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