Regulatory Announcements
Commodity Watch Plc Declares Its Intention to List on London's PLUS Market
Commodity watch the news, information and independent commentary business that operates Minesite, today announces that it has applied to have all of its 1p Ordinary shares admitted to trading on PLUS (the market formerly known as OFEX).
The move forms part of the Company's strategy to:
- Expand its news and information services, including the development of the www.poweralternatives.com and www.agriprods websites, as well as continued enhancements to www.minesite.com.
- Expand the growing events and conference business based upon the Company's websites.
- To provide a market in the shares of the Company for the benefit of shareholders.
- To improve opportunities for the Company to grow and expand its business.
The Directors believe that providing a market for the shares in Commodity Watch will be beneficial to its existing shareholders by establishing a valuation for their investment. Admission to the PLUS Market will assist in providing future
opportunities to grow and expand the business of CommodityWatch.
There are 5,066,780 Ordinary Shares of 1p each in issue, out of an authorised
share capital of 100 million shares.
It is expected that trading of Commodity Watch Plc shares on PLUS will commence on or around April 17th 2007, the Company is not undertaking any Offer of securities coincident with the application for admission.