Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Chatham Rock Phosphate targets AIM listing

Chatham Rock Phosphate targets AIM listing after marine consent

11 August 2014


Chatham Rock Phosphate will target an AIM listing on the London alternative stock exchange following receipt of its Marine Consent approval, currently expected at the end of November.

The company has been investigating a capital raising and listing over the past few months.

“The directors have decided it is preferable, in terms of restricting dilution and enhancing shareholder value, to have an Initial Public Offering in London after we receive the marine consent,” managing director Chris Castle said.

“As a result sufficient funds are being raised to meet the company’s needs for the next few months.”

Existing shareholders will have the opportunity to participate at the same price as private placements being made.

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Petya: New Ransomware Campaign Hits Worldwide

A new ransomware campaign known as Petya is affecting computer networks using Microsoft Windows. It was first seen affecting systems in the Ukraine, but is quickly spreading across other computer networks in Europe. More>>

ALSO:

Skodafone Goneski: Sky TV, Vodafone Drop $3.44 Billion Merger Plan

Sky Network Television and Vodafone New Zealand have terminated their merger agreement which aimed to create the country's largest telecommunications and media group, and have withdrawn an appeal against the Commerce Commission's rejection of the plan. More>>

Quake Insurance: Reforms To EQC Act Announced

· Increasing the monetary cap from $100,000 (plus GST) to $150,000 (plus GST) for EQC building cover.
· Clarifying EQC land cover is for natural disaster damage that directly affects the insured residence or access to it... More>>

ALSO:

Reserve Bank: Official Cash Rate Unchanged At 1.75 Percent

Global economic growth has increased and become more broad-based. However, major challenges remain with on-going surplus capacity and extensive political uncertainty... More>>