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» JSE:ANGLO PLATINUM LIMITED: 67306c 1%

Angloplats delists from LSE

I-Net Bridge | Thu, 05 Nov 2009 16:58
[miningmx.com] -- Anglo Platinum (Angloplats), the world's largest platinum producer, said it was delisting and terminating its secondary listing on the London Stock Exchange (LSE).

The company said the rationale for delisting from the LSE was chiefly dictated by the low volume of trade in its shares on the LSE, with the UK register comprising a fraction of the overall total shareholding.

"The company has determined that the secondary listing is administratively intensive and costly, and is of the view that the volume of trade over the past few years does not sufficiently warrant a presence in London, nor the expense of maintaining a secondary listing on the LSE," Angloplats said.

The company delisted from Euronext on the Brussels Bourse during 2007.

Angloplat will maintain its primary listing on the JSE. At 16:33 shares in Angloplats were trading 1.86% or 12.74 rand lower at 670.55 rand on the JSE.




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