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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.Get our daily business news
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