Watch the latest episode of focusIR Fireside Chats: Why Edinburgh Investment Trust Is Backing Turnaround Stocks for 2026 Growth. View here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksArmadale Capital Regulatory News (ACP)

  • There is currently no data for ACP

Disposal

25 Jun 2012 12:07

RNS Number : 0642G
Watermark Global PLC
25 June 2012
 



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

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DISPGUWUQUPPGGA
Date   Source Headline
23rd Jun 20091:57 pmBUSHolding(s) in Company
15th Jun 200911:28 amBUSResult of EGM
20th May 20093:33 pmBUSIssue of Equity
17th Mar 20099:10 amBUSIssue of Equity
19th Feb 200911:56 amBUSConclusion of Funding Arrangement with the Development Bank of South Africa ("DBSA")
13th Jan 200911:38 amBUSRe Agreement
13th Oct 20087:00 amRNSPilot Plant Production Results
9th Oct 200810:30 amRNSIssue of Equity
25th Sep 20085:16 pmRNSHolding(s) in Company
5th Sep 200810:10 amRNSHolding(s) in Company
2nd Sep 20084:45 pmRNSHolding(s) in Company
29th Aug 20087:00 amRNSInterim Results
27th Aug 200810:00 amRNSIssue of Equity
27th Aug 20088:00 amRNSDirectorate Change
8th Jul 200810:22 amRNSTotal Voting Rights
30th Jun 20087:00 amRNSAGM statement, Directors deal
12th Jun 20085:33 pmRNSAnnual Report and Accounts
30th May 200811:17 amRNSPreliminary Results
29th May 200811:34 amRNSHolding(s) in Company
7th May 200810:57 amRNSChange of registered address
28th Apr 200812:13 pmRNSChange of website address
21st Apr 200810:55 amRNSCommissioning of Plant
17th Apr 20085:36 pmRNSOpen Days at Pilot Plants
15th Apr 200811:36 amRNSFirst results from project
21st Feb 200810:22 amRNSStatement re Water Project
7th Feb 200812:29 pmRNSResult of EGM
18th Dec 20075:09 pmRNSStatement re Water Project
4th Oct 20077:01 amRNSDirectorate Change
31st Jul 200711:33 amRNSTotal Voting Rights
29th Jun 20073:24 pmRNSTotal Voting Rights
18th Dec 20064:18 pmRNSTotal Voting Rights
17th May 200610:47 amRNSDirectorate Change
20th Apr 20067:00 amRNSFirst Commercial Order
23rd Feb 20065:36 pmRNSChange of Broker
13th Feb 20068:05 amRNSCompletion of placing

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.