Cancellation of AIM Listing (4275P)
October 03 2011 - 9:00AM
UK Regulatory
TIDMPPN
RNS Number : 4275P
Platmin Limited
03 October 2011
CANCELLATION OF aim LISTING ON November 1, 2011
October 3, 2011, TORONTO: Platmin Limited ("Platmin" or "the
Company"; TSX/AIM: PPN; JSE: PLN) announces the cancellation of the
trading of its common shares on the Alternative Investment Market
("AIM") of the London Stock Exchange, to take effect from 7:00 a.m.
(GMT) on Tuesday, November 1,2011 (the "Cancellation Date").
Platmin's board of directors has decided that it is not
justified for a company of Platmin's size and with such relatively
low trading volumes to maintain three stock exchange listings.
Following the cancellation of the AIM listing, Platmin will be
listed on the Toronto Stock Exchange ("TSX") and the Johannesburg
Stock Exchange ("JSE"); as a result, shareholder consent for the
cancellation of the AIM listing is not required under the AIM Rules
for Companies.
Prior to November 1, 2011, shareholders may continue to trade
their securities on AIM. On or after November 1, 2011, shareholders
may continue to hold their securities electronically in CREST. If
shareholders wish to trade their securities after November 1, 2011,
their CREST nominee would need to do so on the TSX/Canada and/or
JSE/South Africa. The securities may be moved from CREST to Canada
by the UK nominee instructing CREST to deliver the securities to a
CDS nominee (Canadian Depositary for Securities). Once shares are
in CDS, they may be moved to South Africa, for trading on the JSE
via a Register Removal Request instructing Computershare Canada to
remove the shares from the Canadian share register onto the South
African share register for re-issuance into STRATE (South African
CSD).
About Platmin
Platmin explores for and develops and operates platinum group
metals (PGM) deposits in South Africa. The company's principal
current focus is the Pilanesberg Platinum Mine, which is building
up to full production. In addition, it holds platinum interests on
the eastern limb of the Bushveld Complex. Platinum's long term goal
is to become a significant producer of PGMs.
For further information:
Charmane Russell Russell & Associates +27 11 880 3924
+27 82 372 5816
Investec Bank plc (Nominated Adviser)
Charles Batten
+44 207 597 4000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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