Potential de-listing from AIM
03 August 2009 - 9:35PM
UK Regulatory
TIDMGLBM
RNS Number : 7696W
Globe Specialty Metals, Inc
03 August 2009
Globe Specialty Metals, Inc. ("Globe" or the "Company")
Potential de-listing from AIM
New York, N.Y., August 3, 2009 - On 29 July 2009, Globe Specialty Metals, Inc.
(AIM: GLBM.L) (the "Company") announced the effectiveness of its initial public
offering in the U.S. (the "Offering") and the Company's shares are listed on the
NASDAQ Global Select Market ("NASDAQ"). The Company has therefore decided to
de-list from AIM. The Company intends to transfer all of its AIM listed shares
onto the NASDAQ trading line.
Further details will be provided in due course.
About Globe Specialty Metals
Globe Specialty Metals, Inc. is among the world's largest producers of silicon
metal and silicon based specialty alloys, critical ingredients in a host of
industrial and consumer products with growing markets. Customers include major
silicone chemical, aluminum and steel manufacturers, auto companies and their
suppliers, ductile iron foundries, manufacturers of photovoltaic solar cells and
computer chips, and concrete producers. The Company is headquartered in New York
City. For further information please visit our web site at www.glbsm.com.
Forward-Looking Statements
This release may contain "forward-looking statements" within the meaning of
the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking
statements can be identified by words such as "anticipates," "intends," "
plans," "seeks," "believes," "estimates," "expects" and similar
references to future periods, or by the inclusion of forecasts or projections.
Forward-looking statements are based on the current expectations and assumptions
of Globe Specialty Metals, Inc. (the "Company") regarding its business,
financial condition, the economy and other future conditions.
Because forward-looking statements relate to the future, by their nature, they
are subject to inherent uncertainties, risks and changes in circumstances that
are difficult to predict. The Company's actual results may differ materially
from those contemplated by the forward-looking statements. The Company cautions
you therefore that you should not rely on any of these forward-looking
statements as statements of historical fact or as guarantees or assurances of
future performance. Important factors that could cause actual results to differ
materially from those in the forward-looking statements include regional,
national or global political, economic, business, competitive, market and
regulatory conditions including, among others, changes in metals prices;
increases in the cost of raw materials or energy; competition in the metals and
foundry industries; environmental and regulatory risks; ability to identify
liabilities associated with acquired properties prior to their acquisition;
ability to manage price and operational risks including industrial accidents and
natural disasters; ability to manage foreign operations; changes in technology;
and ability to acquire or renew permits and approvals.
Any forward-looking statement made by the Company or management in this release
speaks only as of the date on which it or they make it. Factors or events that
could cause the Company's actual results to differ may emerge from time to time,
and it is not possible for the Company to predict all of them. The Company
undertakes no obligation to publicly update any forward-looking statement,
whether as a result of new information, future developments or otherwise, unless
otherwise required to do so by the London Stock Exchange AIM Market rules.
Important Notice
Collins Stewart Europe Limited, which is authorised and regulated in the United
Kingdom by the Financial Services Authority, is acting as nominated adviser and
broker to the Company and will not be responsible to anyone other than the
Company for providing the protections afforded to clients of Collins Stewart
Europe Limited nor for providing advice in connection any other matter referred
to herein
Enquiries:
+--------------------------------------+--------------------------+
| Globe Specialty Metals, Inc. | +1 212 798 8122 |
| Jeff Bradley, Chief Executive | |
| Officer | |
| | |
+--------------------------------------+--------------------------+
| Stephen Lebowitz, Chief Legal | +1 212 798 8150 |
| Officer | |
| | |
+--------------------------------------+--------------------------+
| Collins Stewart Europe Limited | +44 (0) 207 523 8350 |
| Mark Dickenson/Jon Drage/Adam Cowen | |
| | |
+--------------------------------------+--------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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