REG.L Share Price (REG)

Since listing on AIM in 2012 the Company’s performance has been adversely affected by the introduction of the Chinese White Paper on Rare Earth (the “White Paper”). The White Paper set minimum production targets for separation plants and smelters in China of 2,000 metric tonnes per annum and production targets of 20,000 metric tonnes for mixed rare earth mines. In doing this the Chinese Government was seeking to limit the number of market participants, prevent illegal smuggling and help underpin falling rare earth prices. REG’s rare earth smelting and separation plant has a maximum production capacity of circa 800 tonnes and therefore does not meet these strict criteria.

What has actually happen to this stock?

The principal effect of the Delisting is that cancellation in the trading of the Ordinary Shares on AIM would be to substantially reduce the liquidity and marketability of Shares. In addition, there would be no public stock market in the UK on which Shareholders can trade their Ordinary Shares, and the Company would no longer be required to comply with the AIM Rules. The Company’s CREST facility will be cancelled and, although the Ordinary Shares will remain transferable, they will cease to be transferable through CREST. However, the Company has retained the services of its Registrars, Capita Registrars to facilitate any private transfer of shares. All shareholders shall be issued with share certificates and should they wish to execute a trade they should confirm details with the Registrars by sending details of the trade and their share certificate to Capita Registrars (Guernsey) Limited, Mont Crevelt House, Bulwer Avenue, St Sampson, Guernsey, GY2 4LH, Channel Islands

Again Why ???

Is this a record?????