Neo Energy Metals plc, the near-term, low-cost uranium developer advancing the Henkries Uranium Project (‘Henkries’ or the ‘Project’) in the Northern Cape of the Republic of South Africa, is pleased to announce that its ordinary shares have commenced trading on the A2X Proprietary Limited (‘A2X Markets’ or ‘A2X’), an independent stock exchange in South Africa, under the share code “NEO” today.
OVERVIEW
· A2X is a licensed and regulated stock exchange in South Africa that provides a secondary platform for companies to list their shares for trade.
· Neo is the first inward listing company to list on A2X.
· The secondary listing on the A2X will enlarge Neo’s shareholder base and provide South African investors with an opportunity to invest in a uranium focused operator within the region.
· Investors and shareholders in South Africa are advised to consult with their broker and financial advisor in South Africa if they are seeking to acquire shares in Neo.
· Engaged AcaciaCap Advisors Pty Ltd (‘AcaciaCap’) have provided a comprehensive range of integrated corporate finance and listing advisory services during the listing process.
· Neo will retain its primary listing on the London Stock Exchange (‘LSE’) and its issued share capital will be unaffected by its secondary listing on A2X.
Neo Energy CEO Sean Heathcote said: “Neo’s secondary listing on A2X marks an exciting milestone in our journey, broadening our investor base and facilitating opportunities for strategic acquisitions, especially within South Africa. With significant South African shareholders already on board, our listing on A2X streamlines investment and trading in our shares, enhancing accessibility and liquidity.
“The A2X has a strong track record as a leading destination for secondary listings, making it a natural secondary listing destination for a company like ours with an exciting uranium project in the Northern Cape.”
A2X CEO, Kevin Brady said: “We are delighted to welcome Neo Energy Metals to our market today and are pleased that A2X was chosen as the exchange to enable South African investors access to this opportunity. This marks an important milestone as the first offshore inward listing on A2X. We expect further inward listings, which enable A2X to expand investment opportunities available to the South African marketplace.”
DETAILS
Based on the significant interest from South African investors as well as discussions with its cornerstone investor, Q Global Commodities (‘QGC’), the Company has listed its shares on the A2X to enlarge its shareholder base and provide South African investors with an opportunity to invest in a uranium focused operator within the region. AcaciaCap www.acaciacap.co.za was engaged as its Corporate Advisor to manage the listing process.
A2X Markets https://www.a2x.co.za/ is an independent South African stock exchange founded in 2014, licensed and regulated by the Financial Sector Conduct Authority (‘FSCA’) and the Prudential Authority (‘PA’) in terms of the Financial Markets Act. It provides an additional trading venue for a company to secondary list their shares for trade, and is authorised to secondary list Shares, ETFs and ETNs as well as to inward list shares with a foreign primary listing.
This announcement contains inside information for the purposes of the UK Market Abuse Regulation, and the Directors of the Company are responsible for the release of this announcement.
ENDS
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Sean Heathcote |
CEO Neo Energy Metals plc |
