REG - Caracal Gold PLC - Update on Nairobi Securities Exchange Listing

Caracal GoldAnnouncement

06/04/2022 10:45

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220406:nRSF4759Ha&default-theme=true

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 (mailto:info@caracalgold.com)

 Gerard Kisbey-Green

 Jason Brewer
 Faida Investment Bank                                                                 + 254

                                                 (0) 20 760 6026-35
 Joint Broker

 Mercy Vella
 VSA Capital Ltd                                   +44 203 005 5000

 Financial Adviser and Joint Broker

 Andrew Raca
 Clear Capital Markets Limited

 Joint Broker                                      +44 203 897 0981 / +44 203 869 6086

 Keith Swann / Jon Critchley
 St Brides Partners Ltd                            caracal@stbridespartners.co.uk (mailto:caracal@stbridespartners.co.uk)

 Financial PR

 Oonagh Reidy / Charlotte Page / Isabelle Morris
 DGWA, the German Institute for Asset and          info@dgwa.org (mailto:info@dgwa.org)

 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.

 

 

 

 

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  UPDUNOKRUAUSRRR