CANCELLATION OF AIM LISTING
December 17 2010 - 3:00AM
UK Regulatory
TIDMFND
For Release: 17 December 2010
FINDERS RESOURCES LIMITED
CANCELLATION OF AIM LISTING
Finders Resources Limited ("Finders") has decided to cancel its listing on the
AIM market of the London Stock Exchange ("AIM"). Finders shares will continue to
be listed on the Australian Securities Exchange ("ASX"), and shareholders
wishing to trade their Finders' shares after its listing on AIM is cancelled
will be able to do so through the ASX.
Less than 2% of Finders shares on issue are now held on its UK share registry
and traded on AIM. The cancellation will give shareholders currently on AIM
access to the greater liquidity available on the ASX.
In addition, Finders incurs significant compliance and other costs associated
with maintaining and AIM listing which were not justified by the low trading
volume on AIM.
Finders continues to welcome investment from London and other European
institutions and will be maintaining its UK marketing programme through the
retention of FinnCap Ltd as joint broker and research provider.
The cancellation is scheduled to take effect at 7am UK time on 26 January 2011
with the last day of trading of Finders shares on AIM being on 25 January 2011.
All shareholdings held through Finders' UK share registry will be migrated to
Finders Australian share registry (managed by Computershare) following the
cancellation date. However, shareholders may elect to transfer their holding
before such date if they choose. A letter will be sent to holders on the UK
registry providing further details on this process and on trading shares on the
ASX.
=- ends -
For further information please contact
Finders Resources Ltd:
Russell Fountain Non-Executive Chairman +61 2 9211 8299
Chris Farmer Managing Director info@findersresources.com
Financial PR / Investor Relations:
Nick Elwes College Hill +44 20 7457 2020
RFC Corporate Finance Ltd - Nomad:
Rob Adamson Managing Director +61 2 9250 0000
Stuart Laing Executive Director +61 8 9480 2500
finnCap - Finders' Broker for the AIM market:
Matthew Robinson Corporate Finance Director +44 20 7600 1658
Joe Lunn Analyst +44 20 7600 1658
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Finders Resources Limited via Thomson Reuters ONE
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