Marula Mining
PLC
("Marula'' or the "Company")
19 April
2024
Secondary Listing of Ordinary
Shares on A2X Proprietary Limited
Marula Mining (AQSE: MARU) an
African focused mining and development company, is pleased to
announce that it is pursuing a secondary listing on A2X Proprietary
Limited ("A2X Markets" or "A2X"), independent stock exchange in
South Africa ("Secondary Listing"). This dual listing is in
addition to the Company's ongoing plans for the listing on the
Johannesburg Stock Exchange.
Marula will list its share for trade
by way of introduction on A2X Markets from 25 April 2024 under the
share code "MAR" and its issued share capital will comprise
176,865,665 ordinary shares of 0.01 pence each at the date of the
Secondary Listing. Marula will
retain its primary listing on the Aquis Stock Exchange AQSE Growth
Market ("AQSE").
Highlights:
· A2X
is a licensed and regulated stock exchange in South Africa that
provides a secondary platform for companies to list their shares
for trade
· The
South African Reserve Bank ("SARB") has approved the secondary
inward listing of Marula on the exchange operated by A2X
· The
secondary listing on A2X will enlarge Marula's shareholder base and
provide South African investors with an opportunity to invest in
the Company
·
Shares will list for trade by way of introduction on A2X on
25 April 2024 under the share code "MAR"
·
Marula engaged AcaciaCap Advisors Pty Ltd ("AcaciaCap") as
its Sponsor to manage and fast-track the A2X listing
process
· The
Company continues to seek a dual listing on the Johannesburg Stock
Exchange
Jason Brewer, Marula Mining PLC CEO said:
"We are delighted to announce the successful completion of our
secondary listing on South Africa's A2X market. This achievement
comes at a pivotal moment as we actively advance operations at our
key producing asset, the Blesberg Lithium and Tantalum Mine,
located in the Northern Cape Province of South
Africa.
This listing not only provides greater accessibility for local
investors but also underscores our commitment to fostering growth
and development in South Africa's capital
markets."
"The strategic investments and partnership with South African
company Q Global Commodities, led by Quinton Van der Burgh, has
played a significant role in facilitating this decision. This
collaboration has strengthened our position and capabilities in the
country, enabling us to navigate the complexities of the market and
make informed decisions for the benefit of our
stakeholders.
This dual listing is in addition to our ongoing plans for the
listing on the Johannesburg Stock Exchange and transitioning our
primary listing in London to the Standard Segment of the Main
Market of the LSE. These strategic moves align with our overarching
vision of strengthening Marula's position as a leading player in
the mining sector, driving value for our stakeholders and
contributing to the sustainable development of the regions in which
we operate."
"I
look forward to the opportunities and increased market exposure
that this will likely bring for the Company as we continue to grow
and accelerate our mining and new mine development activities in
Africa."
A2X
CEO, Kevin Brandy said:
"We are delighted to welcome Marula Mining Plc to our market
next week and are pleased to have A2X serve as the Company's
secondary listing exchange to enable Marula's South African
investors access the opportunity to be part of the
growth.
"We are thrilled to be associated with such a fast-growing
battery metals African-focused company and look forward to
witnessing expansion and growth in the South African sector. Marula
Mining's commitment to battery metals aligns with A2X's goal of
diverse African investment opportunities, enhancing liquidity and
efficiency in trading, reflecting confidence in our platform and
the growing battery metals industry importance.
"A2X takes pride in continuously expanding investment
opportunities available to the South African marketplace. We remain
committed to providing a seamless trading experience and fostering
growth and innovation for investors and
companies."
About A2X
A2X Markets, an independent South
African stock exchange founded in 2014, is licensed and regulated
by the Financial Sector Conduct Authority (FSCA) and the Prudential
Authority (PA) in terms of the Financial Markets Act in South
Africa. The A2X provides an additional trading venue for a company
to secondary list their shares for trade, it is authorised to
secondary list Shares, ETFs and ETNs as well as to inward list
shares with a foreign primary listing.
Find out more about A2X Markets
here: https://www.a2x.co.za/
About AcaciaCap
AcaciaCap Advisors was established
over 22 years ago. They boast a skilled workforce, providing
comprehensive corporate finance and listing consultancy services.
From major publicly traded companies to small owner-driven
businesses, they cater to diverse entrepreneurial enterprises.
Specialising in sponsor and designated advisor services, offering
listing services for A2X and the Cape Town Stock Exchange, their
expertise covers business finance, mergers and acquisitions,
capital raising, and valuation.
Find out more about Acacia Capital
here: www.acaciacap.co.za
The
Directors of Marula are responsible for the contents of this
announcement. This announcement
contains inside information for the purposes of UK Market
Abuse Regulation.
About Marula Mining
Marula Mining (AQSE: MARU) is an
African focused battery metals investment and exploration company
and has interests in several high value mine projects in Africa;
the Blesberg Lithium and Tantalum Mine and Korridor Lithium Project
in South Africa, the Kinusi Copper Mine, the Nyorinyori Graphite
Project, the NyoriGreen Graphite Project and the Bagamoyo Graphite
Project all in Tanzania, the Nkombwa Hill Project in Zambia and the
Larisoro Manganese Mine located in Kenya. As we advance operations
at these battery metals focused projects, Marula will continue to
build and expand its interests in other high-quality projects in
Africa.
Marula's strategy is to identify and
invest in advanced and high-value mining projects throughout East,
Central and Southern Africa that the Directors believe would
deliver returns for its shareholders. The Board and management team
aims to establish Marula as a socially and environmentally
responsible, sustainable, and profitable producer of critical
metals and commodities that are of increasingly strategic
importance to modern technologies and the global economy. Marula's
shares are traded on the AQUIS Stock Exchange (AQSE), Marula is
exploring opportunities to admit its shares to trading on the
London Stock Exchange plc's Standard List or AIM Market, Kenya's
Nairobi Securities Exchange and South Africa's Johannesburg Stock
Exchange.
For
enquiries contact:
Marula Mining PLC
Jason Brewer,
Chief Executive Officer
Faith Kinyanjui Mumbi
Investor Relations
|
Email :
jason@marulamining.com
Email :
info@marulamining.com
|
AQSE Corporate Adviser
Cairn Financial Advisers LLP,
Liam Murray / Ludovico Lazzaretti
|
+44 (0)20
7213 0880
|
Broker
Peterhouse Capital Limited,
Charles Goodfellow / Duncan Vasey
|
+44
(0)20 7469 0930
|
Financial PR and IR
BlytheRay
Tim
Blythe / Megan Ray / Said Izagaren
|
+44 (0)20 7138 3204
|
Caution:
Certain statements in this
announcement, are, or may be deemed to be, forward looking
statements. Forward looking statements are identified by their use
of terms and phrases such as ''believe'', ''could'', "should"
''envisage'', ''estimate'', ''intend'', ''may'', ''plan'',
''potentially'', "expect", ''will'' or the negative of those,
variations or comparable expressions, including references to
assumptions. These forward-looking statements are not based on
historical facts but rather on the Directors' current expectations
and assumptions regarding the Company's future growth, results of
operations, performance, future capital and other expenditures
(including the amount, nature and sources of funding thereof),
competitive advantages, business prospects and opportunities. Such
forward looking statements reflect the Directors' current beliefs
and assumptions and are based on information currently available to
the Directors.