NQ Minerals Plc (AQSE:NQMI), the green mining company with significant mining operations in Tasmania Australia, is pleased to announce the Company’s ordinary shares are now dual listed on the Frankfurt Stock Exchange (“FSE”).
Trading commenced today Wednesday, May 5 at 8:00 a.m. (CET) under the code 44D.
NQ is among the first companies with a primary listing on London’s Aquis Exchange (“AQSE”) to achieve a dual listing on the FSE and have worked closely with Deutsche Gesellschaft für Wertpapieranalyse GmbH (“DGWA”), a mining and resource focused European investment banking boutique, to achieve this milestone.
The Company’s primary reporting exchange remains London AQSE and, as previously announced, the Company is working to seek admission of its ordinary shares to the Standard List on the Main Market of the London Stock Exchange.
On a successful listing on the LSE, the Company is expected to qualify for London Stock Exchange’s Green Economy Mark at Admission, which recognises companies that derive 50% or more of their total annual revenues from products and services that contribute to the global green economy. The underlying methodology incorporates the Green Revenues data model developed by FTSE Russell, which helps investors understand the global industrial transition to a green and low carbon economy with consistent, transparent data and indexes.
No additional NQ securities have been issued as part of the dual-listing process.
Mr. Stefan Müller, CEO of DGWA, said, “DGWA are excited to be working closely with NQ Minerals to help them achieve the dual listing on the Frankfurt Stock Exchange. German investor interest in producing mining companies is significant; we anticipate this German listing will provide EU investors an opportunity to participate in that growth. We are confident that NQ Minerals will be warmly welcomed among the European investment community and look forward to supporting their activity in the region over the time ahead.”
NQ Minerals Chairman, David Lenigas, commented, “As part of our stated strategy to secure exposure on Tier1 exchanges, we are delighted to now be dual-listed on the Frankfurt Exchange, the biggest continental European stock exchange and world’s 12th largest stock exchange by market capitalization . The German investor audience is acutely tuned into the mining sector and green investment and has a deep understanding of the end markets that our sustainably extracted minerals impact as those sectors seek to reduce their carbon footprint. We will likewise continue with the ongoing process for admission onto the London Stock Exchange’s main market and are encouraged by our Green Economy Mark pre-qualification.”