https://www.miningweekly.com

Firestone delists from Botswana exchange

Firestone delists from Botswana exchange

Photo by Reuters

3rd April 2014

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

  

Font size: - +

JOHANNESBURG (miningweekly.com) – Diamond development company Firestone Diamonds on Thursday exited trade on the Botswana Stock Exchange (BSE) after the completion of its share sale facility on March 28.

The Aim-listed group shifted its focus to its Lesotho assets after idling BK11 mine, in Botswana, and initiated the delisting on the back of the poor performance of trade on the exchange, particularly over the final six months to November last year.

Firestone said in statement that, since listing on the venture capital board of the BSE in June 2011, trading on the bourse had been negligible, with 92 828 ordinary shares having been traded on nine days in 35 separate trades.

In the six-month period preceding November, when the company decided to delist, only 1 107 shares had been traded on a single day, at a weighted average value of about 4p apiece.

Firestone was currently transferring the 19 shareholders – collectively holding 102 231 shares – opting to retain their shareholding to Firestone's Aim share register by April 11.

Thirteen shareholders with 29 769 shares of 1p each accepted the offer to sell under Firestone’s share sale facility.

Edited by Creamer Media Reporter

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Rittal
Rittal

Rittal is a world leading provider of top-quality integrated systems for enclosures, power distribution, climate control, IT infrastructure and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 19 April 2024
Magazine round up | 19 April 2024
19th April 2024
Resources Watch
Resources Watch
17th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.096 0.131s - 88pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: