REG - Artemis Resources Ld - Cancellation of Admission to AIM

Artemis ResourcesAnnouncement

15/01/2026 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260115:nRSO9282Oa&default-theme=true

RNS Number : 9282O  Artemis Resources Limited  15 January 2026

 

15 January 2026

 

This announcement contains inside information for the purposes of Article 7 of
the UK version of Regulation (EU) No 596/2014 which is part of UK law by
virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon
the publication of this announcement via a Regulatory Information Service,
this inside information is now considered to be in the public domain.

 

Artemis Resources Limited

 

("Artemis" or "the Company")

 

Cancellation of Admission to AIM

 

Artemis Resources Limited (ASX/AIM:ARV) announces the cancellation of the
admission of its ordinary shares ("Shares") to trading on the AIM market of
the London Stock Exchange ("AIM") (the "Cancellation") in accordance with Rule
41 of the AIM Rules for Companies ("AIM Rules"). It is expected that the
Cancellation will occur on 13 February 2026. The Company's primary listing is
on the Australian Securities Exchange ("ASX") and it has been admitted to
trading on AIM since 7 February 2022.

 

Highlights

 

·    Following the Cancellation, the Company's Shares will remain listed
on the ASX, which will continue as the primary trading venue for its equity
securities. The Company has no intention to delist its Shares from the ASX.

·    The Company is providing an opportunity for each Depositary Interest
("DI") holder to become a registered shareholder on the Company's Australian
share register.

 

Reasons for the AIM Cancellation

 

The Company is of the view that the Company's admission to trading on AIM is
not delivering sufficient value to shareholders, having regard to the
following factors:

·    the cost of maintaining admission to trading on AIM, including
professional fees, listing fees payable and incremental legal, auditing and
other fees;

·    the amount of management time and regulatory burden associated with
maintaining the Company's admission to trading on AIM, in addition to its ASX
listing,

·    conditions which have impacted stock markets generally since its
admission to trading on AIM in February 2022 have made it more challenging to
raise capital in the UK; and

·    the relatively low levels of liquidity and trading volumes in the
Company's Shares on AIM.

 

The Board considers the Cancellation will not materially nor adversely impact
existing Shareholders as they will still be able to trade on the ASX.

 

Process for Cancellation

 

Application has been made to the London Stock Exchange to cancel admission of
the Shares to trading on AIM, and it is expected that the Cancellation will
become effective at 7.00 a.m. (London time) on 13 February 2026.

 

On the basis that the Company's Shares will continue to be listed on ASX,
which is an AIM Designated Market (as defined by the AIM Rules), the Company
is not required to seek shareholder approval for the Cancellation.

 

The full timetable of expected events is set out at the end of this
announcement.

 

Principal effects and risks relating to the Cancellation

 

·    The Company's Shares will no longer be traded on AIM and the Company
has no intention to implement a matched bargain facility to enable trading
post Cancellation in the UK;

·    remaining DI holders will have their holding transferred on a 1:1
basis to the Company's Australian share register and will therefore retain
Shares that are tradeable on the ASX;

·    the regulatory and financial reporting regime, including but not
limited to, the AIM Rules, the corporate governance requirements for companies
trading on AIM and UK MAR, will no longer apply, but the regulatory framework
of the ASX, including its corporate governance requirements, and Australian
company law will still apply;

·    shareholders will no longer be afforded the protections given by the
AIM Rules, such as the requirement to be notified of certain events, including
substantial transactions, financing transactions and related party
transactions, and the requirement to obtain shareholder approval for certain
transactions, where applicable, such as reverse takeovers and fundamental
changes in the Company's business; albeit similar protection may be afforded
pursuant to the ASX Listing Rules, Australian company law and the Australian
Corporations Act;

·    Zeus Capital Limited will cease to act as nominated adviser and UK
broker to the Company; and

·    the Cancellation might have either positive or negative taxation
consequences for shareholders. Stamp duty may be due on transfers of Shares
and agreements to transfer Shares unless a relevant exemption or relief
applies to a particular transfer. Shareholders who are in any doubt about
their tax position should consult their own professional independent tax
advisers.

 

The above considerations are non-exhaustive and shareholders should seek their
own independent advice (including tax, financial and legal) when assessing the
likely impact of the Cancellation on them.

 

Information for Depositary Interest (DI) holders

 

The Company's Shares will continue to be traded on AIM until market close,
being 4.30 p.m. London time, on 12 February 2026 after which, there will be no
public market in the UK on which the Shares can be traded. In addition to the
delisting, the Company will also be terminating the Depositary Interest
service. After the closure of the DI facility on 24 February 2026, all
remaining DI holders will have their holding transferred on a 1:1 basis to the
Company's Australian share register (being Automic Pty Ltd) and will therefore
retain Shares that are tradeable on the ASX. These Shares will be held on the
Australian share register in issuer sponsored form, with a holding statement
despatched to each former DI holder's registered address. To trade Shares in
the future on the ASX, former DI holders will need to engage a broker or a
nominee capable of settling on ASX (CHESS).

 

DI holders who wish to withdraw their DIs from CREST and take receipt of
Shares on the Australian share register, prior to the closure of the DI
facility, should contact their broker without delay.

 

The Company advises DI holders to seek independent financial and tax advice
regarding the AIM Cancellation and their Shares represented by DIs.

 

Expected Timetable of Principal Events

 

 Event                                               Time and/or date
 Announcement of proposed AIM Cancellation           15-Jan-26
 Expected last day of dealings in the Shares on AIM  12-Feb-26
 Expected time and date of the AIM Cancellation      7.00 a.m. (London time) on 13 February 2026
 Closure of the DI Facility                          24-Feb-26

 

Further information

 

Information on the Cancellation and termination of depositary arrangements and
the options available to DI holders, including how to withdraw from CREST and
trade on ASX, will be sent to depositary interest holders from Computershare.
For further information on the transfer of DI holdings to ASX Shares or for
queries related to sale options, please contact: Computershare Investor
Services PLC on +44 (0) 370 707 4040.

 

This announcement was approved for release by the Board.

 

 Artemis Resources Ltd                      info@artemisresources.com.au (mailto:info@artemisresources.com.au)
 Jozsef Patarica, Executive Director

                                              
 Zeus (Nomad and Broker)

 Antonio Bossi / James Bavister

                                            Tel:  + 44 20 3829 5000

info@artemisresources.com.au (mailto:info@artemisresources.com.au)

  

 

Tel:  + 44 20 3829 5000

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCAKQBNQBKDNDD



            Copyright 2019 Regulatory News Service, all rights reserved