Proposed Admission to Trading on AIM & Cancellation of Trading on AQSE Growth Market
Richmond Hill Resources to move from AQSE Growth Market to AIM with capital raise.
- Ordinary Shares in issue 104,649,639
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Proposed Admission to Trading on AIM
Cancellation of Trading on AQSE Growth
Richmond Hill (AQSE: SHNJ), is pleased to announce the release of a Schedule One by the London Stock Exchange in respect of its proposed admission of its ordinary shares ("Ordinary Shares") to trading on the AIM Market ("AIM") of the London Stock Exchange ("Admission") and cancellation of the admission of its Ordinary Shares to trading on the Aquis Growth Market ("Cancellation").
Background to the move to AIM
The Board considers Admission to be in the best interests of the Company and its shareholders given the recent much improved market in natural resources not least including copper and the improved liquidity and access to investors offered by AIM with respect to natural resources.
The Company has 104,649,639 Ordinary Shares in issue as at the date of this announcement. On Admission, the Company's TIDM will change to "RHR". The Company's ISIN will continue to be GB00BNTBWF32 following Admission. The Company will be raising new capital as part of Admission.
The Schedule One announcement in respect of the Company's intention to move to AIM has been published today, and an AIM Admission Document will be published prior to Admission and will be made available on the Company's website at https://www.richmondhillresources.com/.
It is expected that Cancellation will take place simultaneously with Admission. The Company will make further announcements in relation to the Cancellation and Admission in due course.
The Directors of the Company accept responsibility for the contents of this announcement.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.