Marula Mining PLC - Commencement of Trading on A2X
Announcement provided by
Marula Mining PLC · MARU25/04/2024 07:00
Marula Mining PLC
("Marula'' or the "Company")
25 April 2024
Commencement of Trading on A2X
Marula Mining (AQSE: MARU), an African-focused mining and development business, 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
Highlights:
· A2X is a licensed and regulated stock exchange in
· The secondary listing on A2X will enlarge Marula's shareholder base and provide South African investors with an opportunity to invest in the Company
· Shares will list for trade by way of introduction on A2X under the share code "MAR"
· Marula engaged AcaciaCap Advisors (Pty) Ltd ("AcaciaCap") as its Sponsor to manage and fast-track the A2X listing process
· Marula will retain its primary listing on the Aquis Stock Exchange AQSE Growth Market ("AQSE") and its issued share capital will be unaffected by its secondary listing on A2X
· The Company will continue to seek a dual listing on the Johannesburg Stock Exchange
Jason Brewer, Marula Mining PLC CEO, said:
"Marula's secondary listing on A2X marks an important step ahead in our journey, expanding our investor base and creating potential for strategic acquisitions in
"We want to thank our advisors, AcaciaCap, for managing and fast-tracking the A2X listing process.
"This secondary listing complements our continuous efforts towards listing on the Johannesburg Stock Exchange and transitioning our primary listing on the London Stock Exchange to the Standard Segment of the Main Market. These strategic decisions are consistent with our main goal of strengthening Marula's position as a leading figure in the mining sector, creating value for our stakeholders, and promoting sustainable development in the communities where we operate."
Kevin Brady, A2X CEO, said:
"We are delighted to announce Marula's launch on our market today, and we are glad that A2X has been chosen as the platform for South African investors to engage in this endeavor. This marks a significant milestone as the second inward listing on A2X. We anticipate that A2X will enhance investment opportunities for the South African market."
About A2X
A2X Markets, an independent South African stock exchange founded in 2014, is licensed and regulated by the Financial Sector Conduct Authority (FSCA) and the Prudential Authority (PA) in terms of the Financial Markets Act in
Find out more about A2X Markets here: https://www.a2x.co.za/
About AcaciaCap
AcaciaCap was established over 22 years ago. They boast a skilled workforce, providing comprehensive corporate finance and listing consultancy services. From major publicly traded companies to small owner-driven businesses, they cater to diverse entrepreneurial enterprises. Specializing in sponsor and designated advisor services, offering listing services for A2X and the Cape Town Stock Exchange, their expertise covers business finance, mergers and acquisitions, capital raising, and valuation.
Find out more about AcaciaCap here: www.acaciacap.co.za
The Directors of Marula are responsible for the contents of this announcement.
About Marula Mining
Marula Mining (AQSE: MARU) is an African focused battery metals investment and exploration company and has interests in several high value mine projects in
Marula's strategy is to identify and invest in advanced and high-value mining projects throughout East, Central and
For enquiries contact:
Marula Mining PLC Jason Brewer, Chief Executive Officer
Faith Kinyanjui Mumbi Investor Relations |
Email : jason@marulamining.com
Email : info@marulamining.com
|
AQSE Corporate Adviser Cairn Financial Advisers LLP, Liam Murray / Ludovico Lazzaretti |
+44 (0)20 7213 0880 |
Broker Peterhouse Capital Limited, |
+44 (0)20 7469 0930
|
Financial PR and IR BlytheRay Tim Blythe / Megan Ray / Said Izagaren |
+44 (0)20 7138 3204
|
Caution:
Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect", ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.
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