| Mon 3 Oct 2011, 15:00 | | PLN - Platmin Limited - Cancellation of aim listing on November 1 2011 |
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PLN
PLN
PLN - Platmin Limited - Cancellation of aim listing on November 1, 2011
Platmin Limited
Incorporated in the accordance with the laws of British Columbia, Canada
Registration number: C0848954
Share code on TSX: PPN
Share code on AIM: PPN
Share code on JSE: PLN
ISIN: CA72765Y1097
("Platmin" or "the company")
CANCELLATION OF AIM LISTING ON NOVEMBER 1, 2011
October 3, 2011, TORONTO: Platmin Limited ("Platmin" or "the Company";
TSX/AIM: PPN; JSE: PLN) announces the cancellation of the trading of its
common shares on the Alternative Investment Market ("AIM") of the London
Stock Exchange, to take effect from 7:00 a.m. (GMT) on Tuesday, November
1, 2011 (the "Cancellation Date").
Platmin`s board of directors has decided that it is not justified for a
company of Platmin`s size and with such relatively low trading volumes to
maintain three stock exchange listings.
Following the cancellation of the AIM listing, Platmin will be listed on
the Toronto Stock Exchange ("TSX") and the Johannesburg Stock Exchange
("JSE"); as a result, shareholder consent for the cancellation of the AIM
listing is not required under the AIM Rules for Companies.
Prior to November 1, 2011, shareholders may continue to trade their
securities on AIM. On or after November 1, 2011, shareholders may
continue to hold their securities electronically in CREST. If
shareholders wish to trade their securities after November 1, 2011, their
CREST nominee would need to do so on the TSX/Canada and/or JSE/South
Africa. The securities may be moved from CREST to Canada by the UK
nominee instructing CREST to deliver the securities to a CDS nominee
(Canadian Depositary for Securities). Once shares are in CDS, they may be
moved to South Africa, for trading on the JSE via a Register Removal
Request instructing Computershare Canada to remove the shares from the
Canadian share register onto the South African share register for re-
issuance into STRATE (South African CSD).
About Platmin
Platmin explores for and develops and operates platinum group metals
(PGM) deposits in South Africa. The company`s principal current focus is
the Pilanesberg Platinum Mine, which is building up to full production.
In addition, it holds platinum interests on the eastern limb of the
Bushveld Complex. Platinum`s long term goal is to become a significant
producer of PGMs.
For further information:
Charmane Russell
Russell & Associates
+27 11 880 3924
+27 82 372 5816
Investec Bank plc (Nominated Adviser)
Charles Batten
+44 207 597 4000
Date: 03/10/2011 15:00:01 Produced by the JSE SENS Department.
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