Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
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Sorry but can anyone explain exactly what happens to the shares i have. Are they just lost !
this is from an rns
in the event that the cancellation resolution is passed and the admission of the company's ordinary shares to trading on aim and euronext growth is cancelled, shareholders will no longer be able to buy and sell ordinary shares in the company through aim or euronext growth. accordingly, the company would no longer be subject to the rules and corporate governance requirements to which companies admitted to trading on aim and euronext growth are subject (and accordingly shareholders will no longer be afforded the protections given by the aim rules or the euronext growth rules). davy will cease to be the company's nominated adviser and broker. there will be no formal market for shareholders to effect transactions in the company's shares following cancellation unless an alternative trading facility is put in place.
alternative trading facility
the board, in considering the investment, was mindful of providing shareholders with a mechanism or alternative arrangement for trading the ordinary shares.
accordingly, the board is actively pursuing the introduction of the ordinary shares of the company to an alternative **************. in this regard the company intends to apply to have its ordinary shares traded on the aqse growth market, a recognised growth market, based in london, subject to approval by aqse regulation. in the event that the company's shares are admitted to trading on the aqse, the company will be subject to the regulations and corporate governance of the aqse exchange.
Just got this back from Hargreaves
Provided ORM application for listing on the AQSE is approved, I am delighted to confirm that your company's stock will indeed be tradable via phone.
Aquis seems to be a "designated recognised stock exchange" such that an existing ISA wrapper for ORM should survive imo, although HL won't confirm this to me atm.
Hopefully this chatboard will continue for a while at least although I'm not sure if LSE cover Aquis listings?
https://www.gov.uk/government/publications/designated-recognised-stock-exchanges-section-1005-income-tax-act-2007/designated-recognised-stock-exchanges-section-1005-income-tax-act-2007-v3