REG - Ecora Resources PLC - FCA Approval of Transfer of Listings Category

Ecora ResourcesAnnouncement

30/10/2024 07:00

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RNS Number : 1192K  Ecora Resources PLC  30 October 2024

 

30 October 2024

 

Ecora Resources PLC

("Ecora", the "Company" or the "Group")

 

Transfer of listing from the Equity Shares (Transition) Category to the Equity
Shares (Commercial Companies) Category of the Official List of the FCA

 

Further to its announcement of 2 October 2024, Ecora (LSE/TSX: ECOR), a
leading royalty company focused on supporting the supply of industrial
commodities essential to creating a sustainable future, announces the approval
by the Financial Conduct Authority (the "FCA") of the transfer of the listing
category of all of its ordinary shares from the Equity Shares (Transition)
category of the Official List of the FCA ("Official List") to the Equity
Shares (Commercial Companies) category of the Official List in accordance with
Rule 21.5, as modified by UKLR Transitional Provision 2 of the UK Listing
Rules issued by the FCA (the "Transfer").

 

The Transfer is expected to take effect at 8.00 a.m. today.

 

Additional listings unaffected

 

The Group's existing listing of the Ordinary Shares on the Toronto Stock
Exchange (ECOR) and admission to trading on the OTCQX Best Market (OTCQX:
ECRAF) will be unaffected by the Transfer.

 

 

For further information:

 

 Ecora Resources PLC                         +44 (0) 20 3435 7400

 Geoff Callow - Head of Investor Relations

 Website:                                    www.ecora-resources.com

 Berenberg - Sponsor and Corporate Broker    +44 (0) 20 3753 3040

 Jenny Lee / Alex Wright / Natasha Ninkov

 FTI Consulting                              +44(0) 20 3727 1000

 Sara Powell / Ben Brewerton / Nick Hennis   ecoraresources@fticonsulting.com

 

 

About Ecora Resources

 

Ecora Resources is a leading royalty company focused on supporting the supply
of commodities essential to creating a sustainable future.

 

Our vision is to be globally recognised as the royalty company of choice
synonymous with commodities that support a sustainable future by continuing to
grow and diversify our royalty portfolio in line with our strategy. We will
achieve this through building a diversified portfolio of scale over high
quality assets that drives low volatility earnings growth and shareholder
returns.

 

The mining sector has an essential role to play in the energy transition, with
commodities such as copper, nickel and cobalt - key materials for
manufacturing batteries and electric vehicles. Copper also plays a critical
role in our electricity grids. All these commodities are mined and there are
not enough mines in operation today to supply the volume required to achieve
the energy transition.

 

Our strategy is to acquire royalties and streams over low-cost operations and
projects with strong management teams, in well-established mining
jurisdictions. Our portfolio has been reweighted to provide material exposure
to this commodity basket and we have successfully transitioned from a coal
orientated royalty business in 2014 to one that by 2026 will be materially
coal free and comprised of over 90% exposure to commodities that support a
sustainable future. The fundamental demand outlook for these commodities over
the next decade is very strong, which should significantly increase the value
of our royalty portfolio.

 

Ecora's shares are listed on the London and Toronto Stock Exchanges (ECOR) and
trade on the OTCQX Best Market (OTCQX: ECRAF).

 

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