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Lucapa Closes in on London Listing
Jul 19, 2017 9:24 AM
By Rapaport News
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RAPAPORT... Lucapa Diamond Company plans to obtain a stock-exchange
listing in London by the end of the year as it aims to lure key investors for
its mining operations.
Managers have visited London to make presentations to
potential investors and outline development plans for its Lulo mine in Angola
and Mothae mine in Lesotho, the company said Tuesday. The miner, which already
lists its shares on Sydney’s Australian Securities Exchange (ASX), said it was encouraged by responses from UK institutional investors and funds.
“The positive feedback from these road shows has prompted
Lucapa to commit to plans for a dual listing on London’s AIM [Alternative
Investment Market],” the company said.
As a result, Lucapa — which appointed brokerage firm Panmure
Gordon last year to advise on the plans — expects its shares to be trading on AIM in the fourth quarter.
“Lucapa believes that the AIM listing will help the company
achieve its objective of attracting institutional and cornerstone investors to
its share register,” the rough producer added.
Image: Ed g2s
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Tags:
aim, Alternative Investment Market, Angola, ASX, Australian Securities Exchange, Lesotho, london, lucapa, Lucapa Diamond Company, mining, Mothae, Panmure Gordon, Rapaport News
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