Shuka Minerals Gears Up for JSE Listing with Strategic Share Issuance

 

Shuka Minerals Plc (LSE:SKA) has announced the issuance of 1,625,000 new ordinary shares to Gathoni Muchai Investments Limited (GMI) at a substantial premium to the latest closing share price. This move is part of Shuka’s ongoing strategy to secure a secondary listing on the Johannesburg Stock Exchange (JSE), aimed at conserving cash reserves while improving liquidity. The company has obtained formal approval from both the JSE and the South African Reserve Bank, with trading on the exchange scheduled to commence on May 22, 2025. This listing is expected to bolster Shuka’s market presence and create new opportunities for its stakeholders.

Company Overview: Shuka Minerals

Shuka Minerals Plc is an Africa-focused mining company dedicated to the development and operation of mining projects across the continent. The company’s activities span a range of mining operations, positioning it as a key player in the African mining industry.

• Average Daily Trading Volume: 85,534

• Technical Sentiment Signal: Sell

• Current Market Capitalization: £2.12 million

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