Asiamet Resources Limited Asiamet Resources Voluntarily De-listing From Tsx Venture Exchange
January 25 2017 - 2:00AM
UK Regulatory
TIDMARS
Asiamet Resources Limited ("ARS" or the "Company"), announces that it
has applied for voluntary delisting of the common shares of the Company
("Shares") from the TSX Venture Exchange ("TSXV"). The Shares are
currently listed for trading on the TSXV and AIM.
The directors of the Company believe that the minimal trading activity
of the Company's common shares on the TSXV no longer justifies the
expense and administrative requirements associated with maintaining this
dual listing, and that the Company's continuing AIM listing will provide
its shareholders with a sufficiently liquid market.
Subject to its application being accepted by the TSXV, it is expected
that the Shares will be delisted from the TSXV at the close of trading
28 February 2017, with the Shares continuing to trade on AIM under the
ticker "ARS".
Implications of the delisting for shareholders on the Canadian register
Following delisting from the TSXV, on 31 March 2017, the Company will
also be closing its Canadian share register and merging it with the
principal register in Bermuda to be maintained by Computershare Investor
Services (Bermuda) Limited (the "Bermuda Register").
The Company's Canadian share register will, however, remain open until31
March 2017 in order to enable shareholders and Canadian Depository for
Securities ("CDS") participants currently on the Canadian register to
request, if they wish, to have depositary interests ("DIs") in respect
of their holdings issued to a broker/nominee within CREST, the United
Kingdom ("UK") settlement system.
The Company is incorporated in Bermuda and its Shares are quoted on AIM
in London. The Company uses DIs to enable electronic transfer and
settlement within CREST for trading of its securities on AIM.
If CDS participants or shareholders on the Canadian register have not
activated a DI issuance request by 31 March 2017, their holding will be
automatically moved to a certificated holding on the Bermuda Register
and they will be sent a new physical share certificate. Canadian share
certificates previously issued will become null and void at such time.
Following delisting from the TSXV, shareholders trading their holdings
not held in the form of DIs within CREST may encounter delays or
additional expense. Shareholders whose holdings are already held within
CREST in the form of DIs, or who wish to receive new share certificates
from the Bermuda Register need not take any action.
CDS participants or those with Shares held by a broker within CDS, who
wish to have DIs issued in respect of their holdings, should arrange for
the CDS participant or broker to complete and submit a Computershare
xSettle Electronic Instruction or a "Register Removal Request - CDS
Withdrawals to UK Depositary Interests" form to Computershare Investor
Services Inc. (the "Depositary") for the issue of DIs to their
broker/nominee in CREST. Shareholders who hold their Shares through a
Canadian broker are encouraged to contact their broker to arrange for
this to happen.
Registered shareholders with share certificates who wish to have DIs
issued in respect of their holdings, will need to open an account with a
CREST broker/nominee and complete a "Register Removal Request - Canadian
Certificate to UK Depositary Interests" form and submit it to the
Registrar together with the original Canadian share certificate(s).
Alternatively, Canadian share certificates can be submitted to the CREST
broker/nominee for them to arrange the issuance and deposit of the DIs
into CREST.
These forms are available from:
https://www-us.computershare.com/Investor/help/PrintableForms.
Shareholders are encouraged to contact Computershare Investor Services
Inc., the Company's Canadian share registrar for any information about
the delisting process on: toll free +1 866 277 2086; (or +1 781 575 4086
if dialling from outside Canada), or on: +44 (0)370 702 0000 for
shareholders in the UK.
ON BEHALF OF THE BOARD OF DIRECTORS
Tony Manini, Deputy Chairman and CEO
-Ends-
For further information, please contact:
Tony Manini
Deputy Chairman and CEO, Asiamet Resources Limited
Telephone: +61 3 8644 1300
Email: tony.manini@asiametresources.com
FlowComms Limited
Sasha Sethi
Telephone: +44 (0) 7891 677 441
Email: Sasha@flowcomms.com / Mehrdad@flowcomms.com
Asiamet Resources Nominated Adviser
RFC Ambrian Limited
Andrew Thomson / Oliver Morse
Telephone: +61 8 9480 2500
Email: Andrew.Thomson@rfcambrian.com / Oliver.Morse@rfcambrian.com
VSA Capital Limited
Andrew Raca / Justin McKeegan
Telephone: +44 20 3005 5004 / +44 20 3005 5009
Email: araca@vsacapital.com
Optiva Securities Limited
Christian Dennis
Telephone: +44 20 3137 1903
Email: Christian.Dennis@optivasecurities.com
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Asiamet Resources Limited via Globenewswire
http://www.asiametresources.com
(END) Dow Jones Newswires
January 25, 2017 02:00 ET (07:00 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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