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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Finders Res. | LSE:FND | London | Ordinary Share | AU000000FND9 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 25.25 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMFND For Release: 17 December 2010 FINDERS RESOURCES LIMITED CANCELLATION OF AIM LISTING Finders Resources Limited ("Finders") has decided to cancel its listing on the AIM market of the London Stock Exchange ("AIM"). Finders shares will continue to be listed on the Australian Securities Exchange ("ASX"), and shareholders wishing to trade their Finders' shares after its listing on AIM is cancelled will be able to do so through the ASX. Less than 2% of Finders shares on issue are now held on its UK share registry and traded on AIM. The cancellation will give shareholders currently on AIM access to the greater liquidity available on the ASX. In addition, Finders incurs significant compliance and other costs associated with maintaining and AIM listing which were not justified by the low trading volume on AIM. Finders continues to welcome investment from London and other European institutions and will be maintaining its UK marketing programme through the retention of FinnCap Ltd as joint broker and research provider. The cancellation is scheduled to take effect at 7am UK time on 26 January 2011 with the last day of trading of Finders shares on AIM being on 25 January 2011. All shareholdings held through Finders' UK share registry will be migrated to Finders Australian share registry (managed by Computershare) following the cancellation date. However, shareholders may elect to transfer their holding before such date if they choose. A letter will be sent to holders on the UK registry providing further details on this process and on trading shares on the ASX. =- ends - For further information please contact Finders Resources Ltd: Russell Fountain Non-Executive Chairman +61 2 9211 8299 Chris Farmer Managing Director info@findersresources.com Financial PR / Investor Relations: Nick Elwes College Hill +44 20 7457 2020 RFC Corporate Finance Ltd - Nomad: Rob Adamson Managing Director +61 2 9250 0000 Stuart Laing Executive Director +61 8 9480 2500 finnCap - Finders' Broker for the AIM market: Matthew Robinson Corporate Finance Director +44 20 7600 1658 Joe Lunn Analyst +44 20 7600 1658 This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Finders Resources Limited via Thomson Reuters ONE [HUG#1473606]
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