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New Talisman Gold Mines Limited (ASX:NTL)

ALERT: Price-sensitive ASX Announcement for NTL
Current share price for NTL : $0.016 -0.003 (-15.79%)+
Announcement
Release
18 Nov 2024 9:41AM
Price at Release
$0.019
Full Release
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Summary
New Talisman Gold Mines Limited (NTL) has announced a proposed voluntary delisting from the Australian Securities Exchange (ASX), following a formal request to be removed from its official list. The company's primary listing will remain on the NZX, where the majority of its trading occurs. The decision to delist is driven by significant costs and limited trading activity on the ASX, with most shareholders based in New Zealand. NTL intends to provide a mechanism for shareholders to sell their shares before the delisting takes effect, along with a timeline for the process, which includes important dates for shareholder communications and the final removal from the ASX expected on 20 December 2024.
Key Points
  • NTL has submitted a request for voluntary delisting from the ASX.
  • The ASX has confirmed the delisting will occur subject to certain conditions.
  • NTL's primary listing will continue on the NZX.
  • The delisting is due to high costs and low trading volumes on the ASX.
  • The majority of NTL shareholders are based in New Zealand.
  • NTL will establish an unmarketable parcel sale facility for small retail shareholders.
  • Shareholders can trade their shares on the NZX after the ASX delisting.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.