ELP Elixir Pet.

 

TIDMELP 
 
RNS Number : 1892O 
Elixir Petroleum Ltd 
03 March 2009 
 

Elixir Petroleum Limited 
(AIM : ELP) 
 
 
3 March 2009 
 
 
NOTICE OF CANCELLATION OF AIM LISTING 
 
 
Elixir Petroleum Limited ("Elixir" or the "Company", ASX:EXR, AIM:ELP), hereby 
notifies shareholders and the market that the Company has decided to cancel the 
admission of its ordinary shares to trading on AIM with effect from 7.00am (BST) 
on 31 March 2009 (the "Cancellation Date"). 
 
 
The last trading day on AIM will be 30 March 2009. Up to and until this date, 
the Company's shares will continue to be traded on the AIM and the ASX on an 
uninterrupted basis. 
 
 
This decision has been made following a review of the Company's AIM listing by 
the Board and discussions with its advisers. Given the Company's Australian 
focused shareholder base, as well as the relatively low volume of trading in 
shares on AIM, the Board concluded that the additional regulatory compliance 
burden coupled with the costs incurred in maintaining a secondary listing on 
AIM, exceed the benefits obtained from the listing. On this basis, the Board 
considers it in the best interests of the Company to seek a cancellation of its 
shares from trading on AIM. 
 
Elixir will continue to maintain its primary listing on the Australian 
Securities Exchange ("ASX") and shareholders wishing to trade the Company's 
shares after the Cancellation Date will be able to do so through the ASX. The 
Company has also established a facility with UK based broker, WH Ireland Group 
Plc and its related Australian subsidiary, D.J. Carmichael & Co, which will 
allow shareholders on the UK register who do not have an account with a broker, 
to trade their shares on the ASX with relative ease. As a result, shareholders 
currently on the UK register should not be materially prejudiced as a result of 
the delisting. 
 
 
Further Information 
 
 
Following the cancellation of admission of the Company's Ordinary Shares on AIM, 
the Depositary Interests ("DI") which have been trading on AIM will be cancelled 
and holding statements will be issued to DI holders. The Company will continue 
to be admitted to the Official List of the ASX and the Company's securities will 
continue to be traded on the ASX. 
 
 
Computershare, as the Company's registrar, will shortly be writing to each DI 
holder on the UK register to advise them of the process in more detail, and of 
the reciprocal trading facility that has been established for the benefit of 
shareholders on the UK register. 
 
 
If DI holders do nothing with their existing holdings, the transfer to the 
Australian register will happen automatically. For those shareholders on the UK 
register who already hold a certificated interest in the Company, you are not 
required to take any action. Your shareholding interest in the Company will be 
transferred to the Australian based share register maintained by Computershare 
and an updated holding statement will be issued to you in due course. 
 
 
For those not familiar with the Australian securities system, public information 
on the Company can be accessed through www.asx.com.au, an independent website on 
which all regulatory filings must be made. 
 
 
For further information, please visit Elixir's website at 
www.elixirpetroleum.com, or contact: 
 
 
+----------------------------------------+----------------------------------------+ 
| Elixir Petroleum Limited               | Blue Oar Securities Plc                | 
| Alex Neuling, Company Secretary        | Jerry Keen / Olly Cairns               | 
| Tel: (+61) 8 9440 2650                 | Tel: (+44) 207 448 4400 / (+61) 8 6430 | 
|                                        | 1630                                   | 
|                                        |                                        | 
+----------------------------------------+                                        + 
| Conduit PR                             |                                        | 
| Jonathan Charles                       |                                        | 
| Tel: (+44) 207 429 6666                |                                        | 
+----------------------------------------+----------------------------------------+ 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCZGGGFFFZGLZG 
 

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