News and Announcements
First Graphene Limited (ASX: FGR) to Seek Admission to AIM
- Published September 20, 2018 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
KEY TAKEAWAYS:
- The company will seek admission of its ordinary shares to the AIM market as a quoted applicant.
- FGR appoints Allenby Capital as lead financial adviser,
nominated adviser and broker in order to pursue an admission to AIM.
Advanced materials company, First Graphene Limited (“FGR” or “the Company”) (ASX: FGR) is pleased to advise it is pursuing an admission to the AIM market of the London Stock Exchange.
To assist with this process FGR has appointed Allenby Capital Limited to act as lead financial adviser, nominated adviser (Nomad) and broker.
It is planned to complete this process by the end of the year.
With the Company committing to a Tier 1 arrangement at the Graphene Engineering Innovation Centre (GEIC) at the University of Manchester, the board has determined it is an appropriate time to seek admission to the AIM market in the United Kingdom.
AIM has approximately 940 companies quoted, and Allenby Capital is one of the largest nomad and brokers servicing that market.
The board views this as a logical initiative for FGR as a result of the expansion of the Company’s UK operations through its involvement in the GEIC and British manufacturing industries.
The UK investment community has had more exposure to graphene companies than Australia and accordingly, the Company is confident that the greater awareness in the UK market will better appreciate the quality which FGR brings to the sector.
Additionally, a quote on AIM will give the Company access to a greater pool of investment capital as it prepares to embark upon what is expected to be a period of growth.
Non-Executive Chairman, Warwick Grigor stated: “This initiative will bring FGR to a wider investment audience than that available in Australia.
Together with the Company’s existing Frankfurt listing and GEIC
involvement it continues the evolution of FGR into a truly international leader in the graphene business.”
About First Graphene Limited (ASX: FGR)
First Graphene is an advanced materials company seeking to position itself in the lowest cost quartile of global graphene suppliers. It has developed an environmentally sound and safe method of converting its supplies of ultra-high grade graphite into the lowest cost highest quality graphene, in bulk quantities.
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