Response to Market Speculation
Gem Resources Plc has issued a statement to address market speculation regarding a potential delisting from the London Stock Exchange and transition to a private company. The company explicitly confirms that no such decision has been made by the Board and there is no current intention to seek cancellation of its listing or admission to trading. Gem Resources Plc continues to evaluate strategic and corporate opportunities in the ordinary course of business.
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Response to
Gem Resources Plc (LSE: GEMR), a mineral exploration and mining group with projects in South Africa, Australia and Zambia, notes recent market speculation, including on investor bulletin boards, suggesting that the Company intends to seek cancellation of the listing of its ordinary shares on the Equity Shares (Transition) category of the Official List and admission to trading on the Main Market of the London Stock Exchange, and become a private company.
The Company confirms that no such decision has been taken by the Board and that there is no current intention to seek cancellation of the Company's listing or admission to trading.
As previously announced, the Company continues to evaluate strategic and corporate opportunities in the ordinary course of business and will make further announcements as and when required.
Gem Resources Plc is a mineral exploration and mining group with a portfolio of mining and mineral exploration assets across South Africa, Australia and Zambia.
The Company is focused on Africa and Australia, and its asset base includes interests in coloured gemstone projects in South Africa and Australia, together with strategic mineral exploration interests in Zambia prospective for high-grade graphite, coltan, containing niobium and tantalum, lithium and rare earth elements.
The Group's principal activity is the advancement and development of its asset portfolio, with the overarching objective of creating long-term value for shareholders through capital growth and/or dividends.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.