Business
Admission to Trading on AIM
Admission to Trading on AIM.
About this update from Sylvania Platinum Ltd.
[{"type":"text","content":"\n \n\n\n\n\n\nRNS Number : 6035D Sylvania Platinum Limited 25 March 2011 \n \n\nTHIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR THE REPUBLIC OF IRELAND OR ANY JURISDICTION IN WHICH SUCH PUBLICATION OR DISTRIBUTION IS UNLAWFUL\n \n \nSylvania Platinum Limited\n \n(\"Sylvania Platinum\", the \"Company\" or the \"Sylvania Group\") \n(ASX: SLP, AIM: SLP)\n \nAdmission to Trading on AIM\n \nThe Sylvania Platinum Board is pleased to announce the admission of Sylvania Platinum Shares to trading on the AIM market of the London Stock Exchange (\"Admission\"), with first dealings expected to commence at 8.00am today.\n \nThe Sylvania Group operates as a platinum group metals (\"PGM\") producer with tailings retreatment operations and shallow mining exploration interests located in South Africa's platinum group metals-rich Bushveld Igneous Complex. \n \nOn 26 November 2010 Sylvania Resources Limited (\"Sylvania Resources\") announced its intention to redomicile the holding company of the group from Australia to Bermuda via a share for share exchange in which Sylvania Platinum, a company incorporated in Bermuda, would become the new holding company for the Sylvania group of companies.\n \nPursuant to a scheme of arrangement between Sylvania Resources and its shareholders, all existing shares in Sylvania Resources were exchanged for shares in Sylvania Platinum and following the implementation of the scheme of arrangement on 18 March 2011, Sylvania Resources became a wholly-owned subsidiary of Sylvania Platinum. Sylvania Resources Shares ceased trading on ASX and its admission to trading on AIM was cancelled on 9 March 2011. The shares in Sylvania Platinum will today be admitted to trading on AIM and have begun trading on the ASX on a normal settlement basis.\n \nAll capitalised terms in this announcement shall have the same meaning as those ascribed to them in the Company's AIM Schedule 1 announcement and appendix dated 25 January 2011 (\"Schedule 1 Announcement\").\n \nFurther information about the Company, including the Schedule 1 Announcement and the information required t...