Rapaport News




Advanced search
Latest Articles
Rough Markets
Polished Markets

Lucapa Closes in on London Listing

Miner plans to float on AIM by the end of the year.
Jul 19, 2017 9:24 AM   By Rapaport News
Print Print Facebook Facebook Twitter Twitter Share Share

Lucapa Diamond Company plans to obtain a stock-exchange listing in London by the end of the year as it aims to lure key investors for its mining operations.

Managers have visited London to make presentations to potential investors and outline development plans for its Lulo mine in Angola and Mothae mine in Lesotho, the company said Tuesday. The miner, which already lists its shares on Sydney’s Australian Securities Exchange (ASX), said it was encouraged by responses from UK institutional investors and funds.

“The positive feedback from these road shows has prompted Lucapa to commit to plans for a dual listing on London’s AIM [Alternative Investment Market],” the company said.

As a result, Lucapa — which appointed brokerage firm Panmure Gordon last year to advise on the plans — expects its shares to be trading on AIM in the fourth quarter.

“Lucapa believes that the AIM listing will help the company achieve its objective of attracting institutional and cornerstone investors to its share register,” the rough producer added.

Image: Ed g2s
Tags: aim, Alternative Investment Market, Angola, ASX, Australian Securities Exchange, Lesotho, london, lucapa, Lucapa Diamond Company, mining, Mothae, Panmure Gordon, Rapaport News
Similar Articles
StornowayStornoway to Lose Stock-Exchange Listing
Sep 22, 2019
The Toronto Stock Exchange is set to delist StornowayDiamond Corporation following...
Karowe Yields Two Massive Stones
Gem Diamonds Unearths 127ct. Rough
Sentiment Cautious as Hong Kong Show Starts
PetraPetra’s Loss Widens in Weak Market
Sep 16, 2019
Shares in Petra Diamonds slipped 7% in early trading Mondayafter the miner...
De Beers Finds Buyer for Namibia Mine
Nurturing the Next Generation of Diamantaires
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First

Call Us: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    Privacy Policy  
twitter twitter
About Rapaport
Advertise with us