31 January 2018
Doriemus Plc
(Doriemus or Company)
Withdrawal from
NEX Exchange Growth Market
The Company is currently dual listed on both the Australian
Securities Exchange (ASX) (being its primary listing)
operated by ASX Limited and the NEX Exchange Growth Market
(NEX) with CHESS Depositary Interests (over underlying
ordinary shares in the Company) (CDIs) quoted on ASX and its
ordinary shares traded on NEX.
Doriemus would like to update the market that today, it has
submitted a request to NEX that its ordinary shares be withdrawn
from trading on NEX, with such withdrawal to take effect as of
market close on 1 March 2018
(Withdrawal Date).
The Company was admitted to the Official List of ASX on
29 December 2017. The Company notes
that since its admission to the ASX, there has been sufficient
liquidity alone on ASX to justify the withdrawal of its securities
from NEX. The trading volumes on NEX have been similar to those of
the ASX over recent days and weeks, however, the Company, being a
small-cap company with a current market capitalisation of
approximately £5.8m, does not believe the costs in maintaining a
dual listing is justified at this time.
The ASX is a Qualifying Market under the NEX Exchange Growth
Market Rules for Issuers and therefore there is no requirement for
Shareholders to vote on a resolution to withdraw the Company’s
ordinary shares from NEX.
Converting Shares tradable on the NEX
Exchange to CDIs tradable on the ASX
If holders of ordinary shares wish to convert their ordinary
shares to CDls to settle trades on ASX, they can do so by
contacting the Company's UK Share Registry, Computershare Investor
Services PLC (Computershare UK), on +44 (0)370 889 3129
during 9.00 a.m. to 5.00 p.m. on any
London business day. Holders of
ordinary shares will, in summary, be asked to undertake one of the
following processes:
a. Where ordinary shares are held in certificated form, a paper
form, titled “UK-AUS CDI Issuance”, will be issued and will need to
be completed and returned by post to Computershare along with the
relevant original share certificates, representing the ordinary
shares to be transferred to CHESS Depositary Nominee Pty Limited
(CDN) to enable the issuance of CDIs to occur.
b. Where ordinary shares are held in uncertificated form (that
is through CREST), an online form will need to be issued and a
corresponding CREST stock withdrawal transaction completed within
the CREST system.
In both cases, where valid instructions have been received, the
ordinary shares will be transferred to CDN and CDIs will be issued
to the specified CHESS or issuer sponsored account in Australia by the Company’s Australian
Registry, Computershare Investor Services Pty Limited
(Computershare AU). It is expected that this process will be
completed within 24 hours, provided that Computershare UK is in
receipt of a duly completed and valid removal request instruction.
However, no guarantee can be given about the time required for this
conversion to take place. Once the securities are held in CDI form
they will be freely tradable on the ASX.
The Company's Registry will not charge certificated holder of
ordinary shares for this service. However, a fee will be payable by
market participants holding ordinary shares through CREST in
accordance with Computershare UK’s standard tariff.
Full information on converting ordinary shares can be found at
the following link: www.doriemus.co.uk/TradingShares
For avoidance of any doubt, the Company will continue to be
listed on ASX, with CDIs (over underlying ordinary shares in the
Company) quoted on ASX.
CONTACTS:
For further information on this update or the Company generally,
please visit our website at
www.doriemus.co.uk or contact:
Investors / Shareholders
Doriemus Plc
www.doriemus.co.uk
UK Contacts:
David Lenigas (Executive Chairman)
+44 (0) 20 74400640
Don Strang (Executive Director)
Australia Contacts:
Julia Beckett
+61 (0) 8 6245 2500
Email: julia@everestcorp.com.au
UK Advisors:
Peterhouse Corporate Finance
Limited
+44 (0) 20 7469 0930
Guy Miller
Fungai Ndoro
