Johannesburg, South Africa — MININGREVIEW.COM — 06 November 2009 – Anglo Platinum “’ the world’s largest platinum producer “’ has announced that it is delisting and terminating its secondary listing on the London Stock Exchange (LSE).
Reporting on this development here, Fin24.com, citing I-Net Bridge, quoted the company as saying that the rationale for delisting from the LSE had been chiefly dictated by the low volume of trade in its shares on the exchange, with the UK register comprising a fraction of the overall total shareholding.
“The company has determined that the secondary listing is administratively intensive and costly, and is of the view that the volume of trade over the past few years does not sufficiently warrant a presence in London, nor the expense of maintaining a secondary listing on the LSE,” Angloplat explained.
The company delisted from Euronext on the Brussels Bourse during 2007.
Anglo Platinum will, however, maintain its primary listing on the JSE.