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25 Jun 2012 12:07
25 June 2012
Watermark Global Plc
Listing of Associate Company Shares
Watermark Global Plc (AIM: WET) ("Watermark" or " the Company"), a company listed on AIM with a focus on Acid Mine Drainage ("AMD") treatment and coal briquetting in South Africa, announces the listing of its associate company in South Africa.
Further to the announcement of its final results on 13 June 2012, Watermark is pleased to confirm that the shares of Mine Restoration Investments Limited ("MRI"), in which Watermark has an interest of approximately 40%, are now listed on the AltX market of the Johannesburg Stock Exchange under the symbol MRI. (Website: www.minerestoration.co.za)
This listing completes the transaction whereby the Company sold its wholly-owned subsidiary, Western Utilities Corporation Limited, to MRI in exchange for shares in MRI to the value of £2.69 million and cash of £1.81 million.
Your board is very pleased to have concluded the transaction and looks forward to updating shareholders on developments in both its coal briquetting and AMD treatment projects. As previously announced, Jaco Schoeman has become a non-executive director following completion of the transaction.
Enquiries
Watermark Global plc
Peter Marks, Chairman Tel: + 44(0) 20 7233 1462
Jaco Schoeman, Non-Executive Director Tel: + 44(0) 20 7233 1462
jschoeman@watermarkglobalplc.com
Nominated Adviser: Cenkos Securities
Ian Soanes Tel: +44(0)20 7397 8928
Investor Relations
Charles Zorab Tel: + 44(0) 20 7233 1462
czorab@watermarkglobalplc.com
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