JOHANNESBURG (miningweekly.com) – Platinum major Anglo Platinum (Angloplat) announced on Thursday that it would terminate its secondary listing on the LSE.
“Whilst the company remains cognisant of the interest of all shareholders, the rationale for delisting on the LSE is chiefly dictated by the low volume of trade in the company`s shares on the LSE, the UK register comprising a fraction of the overall total shareholding,” the platinum-miner said in a statement.
As the secondary listing is administratively intensive and costly, the volume of trade over the past few years did not sufficiently warrant maintaining the LSE-listing, it added.
Angloplat would retain its primary listing on the JSE
All shareholders listed on the UK register on December 4, 2009, would be transferred onto the South African register.
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