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Medusa Mining Ltd (MML)

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Friday 04 April, 2014

Medusa Mining Ltd

Intended Delisting and Cancellation from LSE

RNS Number : 9652D
Medusa Mining Limited
04 April 2014
 

Medusa Mining Limited

 

4 April 2014

 

Intended Delisting and Cancellation of Securities from the London Stock Exchange

 

Medusa Mining Limited ("Medusa Mining" or "the Company") announces that its board of directors has resolved to request the cancellation of the listing of the Company's ordinary shares of nil par value (ISIN: AU000000MML0) ("Securities") on the Official List of the UK Listing Authority and the cancellation of the admission to trading of the Securities on the Main Market of the London Stock Exchange plc (the "LSE").

 

Reasons for the delisting

Medusa Mining has decided to apply for voluntary delisting of its shares from the LSE in order to streamline administrative procedures and to reduce management costs from listing on multiple stock exchanges. As the volume of trading in the Securities on the LSE is low and the Securities will continue to be traded on the Australian Securities Exchange, Medusa Mining believes the impact on its shareholders from delisting from the LSE will be minimal.

 

Delisting Schedule

Application has been made to the UK Listing Authority for the Securities to be removed from the Official List, and to the LSE for the Securities to be removed from trading. The last day of dealings in the Securities on the LSE is expected to be 22 May 2014. The cancellation of the listing and of trading in the Securities on the LSE is expected to take effect at or about 8.00 a.m. on 23 May 2014.

 

 

Contact details:

 

Australia


Medusa Mining Limited

      +61 8 9367 0601

Peter Hepburn-Brown, Managing Director

Peter Alphonso, Company Secretary


United Kingdom


SP Angel Corporate Finance LLP

(Financial Adviser & Broker)

      +44 (0)20 3463 2260

Ewan Leggat/Laura Littley


 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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