Obtala Resources Limited Membership of the Social Stock Exchange (4572X)
01 September 2015 - 4:03PM
UK Regulatory
TIDMOBT
RNS Number : 4572X
Obtala Resources Limited
01 September 2015
1(st) September 2015
Obtala Resources Limited
("Obtala" or the "Company")
(AIM: OBT)
Membership of the Social Stock Exchange
Obtala Resources Limited (AIM:OBT), the vertically integrated
agricultural processing, farming, timber and retail company, is
pleased to announce that the Company has been admitted as a member
of the Social Stock Exchange ('SSX'), following the approval of its
impact report by the SSX's independent Admissions Panel.
Social Impact Investing has evolved and grown significantly in
recent years as many Investing Institutions and Funds have
increased their investment levels in the sector due to a
combination of the positive nature of the investment as well as
proven superior economic returns when compared with other
traditional investments
About the Social Stock Exchange
The Social Stock Exchange was launched in June 2013 by the UK
Prime Minster at the first G8 Social Impact Investment Forum in
London.
In January 2015, the SSX and ICAP Securities & Derivatives
Exchange Limited announced their collaboration to launch a new
market segment for Social Impact businesses, providing a central
venue for impact opportunities in the UK and beyond. Member
companies articulate and evidence their social and environmental
credentials through the production of an independently assessed
Impact Report, which is then ratified by an Admissions Panel
comprised of finance and social sector experts.
Commenting on today's announcement, Kevin Milne, Executive
Deputy Chairman of Obtala, said: "This is a significant event in
the evolution of our Company, for our Shareholders and Customers.
The Company has always striven to operate its businesses in Africa
to the highest standards and with strong regards to working with
and developing the communities and environment in which it
operates. It is testament to all of our employees who continue to
strive to maintain these standards and having the Social Stock
Exchange and its Independent Admissions Panel validate this is
extremely rewarding. Research shows that Companies who can evidence
and focus on socially impactful practices do create longer term and
more sustainable shareholder value creation than those who do not.
We look forward to engaging with the many institutional investors
who work with the Social Stock Exchange and have a mandate to
invest in socially impactful companies such as Obtala. Typically
these investors have a long term investment view in line with the
businesses we are developing."
Obtala Resources
Kevin Milne - Executive Deputy Chairman
Simon Rollason - Managing Director
www.obtalaresources.com +44 (0) 20 7099 1940
ZAI Corporate Finance Limited (Nomad)
Ray Zimmerman
Richard Morrison +44 (0)20 7060 2220
Brandon Hill Capital (Broker)
Jonathan Evans +44 (0)20 3463 5000
Square 1 Consulting (Public Relations)
David Bick
Mark Longson +44 (0)20 7929 5599
This information is provided by RNS
The company news service from the London Stock Exchange
END
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