To view the PDF file, sign up for a MySharenet subscription.

NUT - Nutritional Holdings Limited - Proposed dual listing of Nutritional

Release Date: 22/08/2011 17:24
Code(s): NUT
Wrap Text

NUT - Nutritional Holdings Limited - Proposed dual listing of Nutritional Holdings Limited on the AIM market of the London Stock Exchange ("the LSE") NUTRITIONAL HOLDINGS LIMITED (Previously Imuniti Holdings Limited) (Incorporated in the Republic of South Africa) (Registration Number: 2004/002282/06) Share Code: NUT ISIN: ZAE000156485 ("Nutritional Holdings" or the "Company") Proposed Dual listing of Nutritional Holdings Limited on the AIM market of the London Stock Exchange ("the LSE") 1 On 22 June 2011 Nutritional Holdings announced that it will be seeking an admission of its shares to trade on the AIM Market of the LSE ("the proposed AIM listing"). 2 This announcement is intended to update all stakeholders on the progress of the proposed AIM listing. 3 The Company believes it will benefit from the proposed AIM listing as it will gain improved access to global investors and institutional support. 4 United Kingdom ("UK") and European institutional investors are strong supporters of African focused companies. 5 The proposed AIM listing would allow existing UK and European shareholders to trade more freely in the Company`s shares in a familiar currency. 6 In addition to the advantages for UK and European shareholders, the proposed AIM listing also provides the Company with international exposure in the press and the broader international marketplace. 7 On AIM this year up until July 2011 shares to the value of GBP24.5 billion have traded at an average daily trade of GBP170.9 million, with an average of 799.9 million shares changing hands each day. 8 Higher tradability would through arbitrage ensure better market pricing of the Nutritional share price on both AIM and the JSE. 9 The Company has now submitted its application to the South African Reserve Bank for approval of the intended process. 10 During July 2011, the Company visited potential advisors as well as the LSE and received positive feedback. 11 The Company is in the process of appointing its advisory team in the UK and would be making an announcement soon in this regard. Durban 22 August 2011 Designated advisor: PSG Capital (Proprietary) Limited Date: 22/08/2011 17:24:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

Share This Story