A2X announces Neo Energy Metals as its first inward listing

London Stock Exchange-listed Neo Energy Metals plc has announced plans to inward list its shares on the South African stock exchange A2X Markets (A2X).

The company’s shares are set to be available for trading on A2X from 27 February 2024.

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The UK-based company is a mining and development enterprise exclusively dedicated to the supply of uranium and strategic metals.

“It stands out as one of the most advanced high-grade uranium companies capable of near-term production. Furthermore, it is the sole entity listed on the London Stock Exchange main board, offering investors unique access to the uranium exploration sector,” A2X noted in a statement.

“We are delighted to welcome Neo Energy Metals to our market next week and are pleased that A2X was chosen as the exchange to enable South African investors access to this opportunity,” said A2X CEO Kevin Brady.

“This marks an important milestone as the first offshore inward listing on A2X. We expect further inward listings which enable A2X to expand investment opportunities available to the South African marketplace,” he added.

Neo Energy Metals is actively engaged in pursuing projects across Africa.

“Its primary project, Henkries, is a low-cost, eco-friendly uranium project situated in the Northern Cape. With a focus on growth, the company seeks to broaden its project portfolio across various African countries, including South Africa,” A2X’s statement said.

Sean Heathcote, Group CEO of Neo Energy Metals, remarked: “Neo’s secondary listing on A2X will help broaden its investor base and allow the issue of shares for acquisitions, particularly related to South African opportunities. We already have significant South African shareholders and a listing on A2X will facilitate easier investment and trading in our shares.”

According to A2X, this listing represents the latest collaboration between A2X and AcaciaCap Advisors, who have been instrumental in providing Neo with a comprehensive suite of integrated corporate finance and listing-related advisory services as they navigate the South African listing landscape.

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Source: moneyweb.co.za