DART ONE STEP CLOSER TO INTERNATIONAL GROWTH

Written on the 7 April 2014

DART ONE STEP CLOSER TO INTERNATIONAL GROWTH DART ENERGY (ASX: DTE) has announced its intention to trade ordinary shares on the AIM market of the London Stock Exchange.

AIM is the growth market that helps smaller companies internationally raise capital for expansion.

DTE formally lodged its Pre-Admission Announcement to trade earlier today.

Chairman Rob Neale (pictured) says DTE will continue to be listed and trade on the ASX, with no new shares being issued.

“We announced in early March 2014 our intention to move forward with seeking a dual-listing on the AIM market of the London Stock Exchange and today’s lodgement is the formal initiation of that process.

“A dual-listing is a logical and value-adding step, given that Dart Energy’s prime assets are in the UK, most of our business is now in the UK and UK investors understand and value the transformational potential of that country’s shale gas resource,” he says.

The gas exploration company is expected to be accepted on May 12.

Latest News

NVC PLAYS A DIFFERENT GAME, AND WINS

AS its profits rise, National Veterinary Care's (ASX: NVL) focus on training over retail is proving to be a wi...

SUPERLOOP $2M LOSS DOES LITTLE TO KILL SLATTERY'S CONFIDENCE

BEVAN Slattery (pictured) is optimistic that Superloop's (ASX: SLC) financial position is promising, despite t...

RAJ NARAN TO SUCCEED GREG KILMISTER AS ALS BOSS

GREG Kilmister (pictured) will retire as MD and CEO of ALS Limited (ASX: ALQ) after 36 years with the company and 12 ...

CROMWELL TRADES STEADILY IN FIRST HALF

CROMWELL Property Group has maintained a steady operating profit at $0.045 per security in the first half of FY17,...

Related News

EVERYTHING YOU NEED TO KNOW ABOUT THE NATIONAL BROADBAND NETWORK

THE National Broadband Network (NBN) is more than an internet connection, it is an opportunity to transform your b...

WHY EMPLOYEE-OWNED COMPANIES ARE BEATING ASX200 SHARE PRICES

EMPLOYEE-owned companies command a higher share price than their publicly listed peers, reaping a 17 per cent prem...

RISE OF THE MACHINES HAS WORKERS SWEATING

UP TO 3.8 million Australian workers are fearful their job may soon be terminated by a robot, a new survey has shown....

LESS TALK, MORE SMALL BUSINESS ACTION IN 2017

THE future growth and prosperity of Australian SMEs could be undermined if governments lose sight of the sector...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter