Minergy Put UK Listing on Hold
Minergy on Wednesday told shareholders that they have put on hold earlier plans of listing in the United Kingdom due to a number of market challenges in the region and abroad.
The group, which started coal mining at Masama mine this year, has long announced it plans to float shares on the UK Alternative Investment as early as last year. However, that has come to a halt, at least for now. “Given prevailing market conditions, both in Southern Africa and the United Kingdom, Minergy’s Board of Directors has decided to put the proposed listing on Alternative Investment Market in the UK on hold. Mornédu Plessis, Chief Executive Officer of Minergy Limited has said they remain committed to listing on AIM, ‘but current unfavorable…..