Caracal Gold PLC Update on Nairobi Securities Exchange Listing (4759H)
06 April 2022 - 7:33PM
UK Regulatory
TIDMGCAT
RNS Number : 4759H
Caracal Gold PLC
06 April 2022
Caracal Gold PLC/ Index NSE / Market: Main / GEMS
06 April 2022
Caracal Gold plc ('Caracal' or the 'Company')
Update on Nairobi Securities Exchange (NSE) Listing
Caracal Gold plc, the gold producer with operations in East
Africa, is pleased to give an update on the proposed listing of the
Company on the Nairobi Securities Exchange ('NSE').
The Company intends to list on the NSE via an introduction of
the Company's shares to the Growth Enterprise Market Segment
('GEMS') of the NSE (the 'NSE Listing').
The Company, with its advisers Faida and VSA, has made progress
with the pre-listing requirements, with the only pending item being
the updating of the latest consolidated accounts for Caracal Gold
PLC, and the NSE Listing is expected to complete in the second
quarter of 2022.
Following the NSE Listing, the Company plans to host a breakfast
introduction for high-net-worth individuals and asset managers to
Caracal Gold in Nairobi as well as a planned visit to tour the
Kilimapesa mining site in Lolgorian, Trans Mara, Narok County,
Kenya.
The successful listing on the Nairobi Securities Exchange will
make Caracal, the first gold and related minerals mining company to
be listed on the NSE. The Company believes that the NSE Listing
will provide Kenyan investors with the opportunity to participate
in the future growth of the Company and its activities in Kenya's
mining sector. The upcoming listing will also make Caracal Gold the
second only company hold a dual listing on both the NSE and
LSE.
Chief Executive Officer of Caracal Gold Plc, Robbie McCrae,
said:
"The upcoming listing on the NSE is an exciting step for Caracal
Gold PLC and for mining in Kenya. The support from both the
Government of Kenya as well as the financial industry in Kenya has
been fantastic."
**ENDS*
For further information visit www.caracalgold.com or contact the
following:
Caracal Gold plc info@caracalgold.com
Gerard Kisbey-Green
Jason Brewer
Faida Investment Bank
Joint Broker
Mercy Vella + 254 (0) 20 760 6026-35
------------------------------------------------------------
VSA Capital Ltd
Financial Adviser and Joint Broker
Andrew Raca +44 203 005 5000
------------------------------------------------------------
Clear Capital Markets Limited
Joint Broker +44 203 897 0981 / +44 203 869
Keith Swann / Jon Critchley 6086
------------------------------------------------------------
St Brides Partners Ltd caracal@stbridespartners.co.uk
Financial PR
Oonagh Reidy / Charlotte Page
/ Isabelle Morris
------------------------------------------------------------
DGWA, the German Institute for info@dgwa.org
Asset and
Equity Allocation and Valuation
European Investor and Corporate
Relations Advisor
Stefan Müller / Katharina
Löckinger
------------------------------------------------------------
Notes
Caracal Gold plc is an emerging East African focused gold
producer with a clear path to grow production and resources both
organically and through strategic acquisitions. Its aim is to
rapidly increase production to +50,000oz p.a. and build a JORC
compliant resource base of +3Moz within 12-18 months from its
listing in August 2021.
Caracal is executing its growth strategy beyond its 100% owned
Kilimapesa Mine in Kenya by acquiring additional assets in Tanzania
in order to grow group resources. Its experienced team, with proven
track record in successfully developing and operating mining
projects throughout Africa continues to review other complementary
and strategically located projects in East Africa.
Caracal is a responsible mining and exploration company and
supports the positive social and economic change that it
contributes to the communities in the regions that it operates. It
is a proudly East African-focused company: it buys locally, employs
locally, and protects the environment and its employees and their
families' health, safety, and wellbeing.
Caracal's shares are quoted on the Main Market of the London
Stock Exchange (LON: GCAT) and on the Frankfurt Stock Exchange
(FSE: 6IK); a listing on the Nairobi Securities Exchange is
underway.
About NSE
The Nairobi Securities Exchange (NSE) is the principal
securities exchange in Kenya. It offers a world class trading
facility for local and international investors and issuers looking
to gain exposure to Kenya's and Africa's economic growth. NSE plays
a vital role in the growth of Kenya's economy through mobilization
of domestic resources and international capital. The NSE is a
founder member of the African Securities Exchanges Association and
the East African Securities Exchanges Association. It is a full
member of the World Federation of Exchanges and the Association of
Futures Markets, and a partner Exchange in the United Nations
Sustainable Stock Exchanges Initiative (SSE). NSE operates under
the jurisdiction of the Capital Markets Authority of Kenya.
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