A total of 66,858,597 ordinary shares with a par value of 0.02 pence each, will be listed under the share code SKA.
This follows the listing of Shuka Minerals on the Johannesburg Stock Exchange, last week, which enables South African investors to access Shuka Minerals’ equity.
Shuka Minerals, has a primary listing on the Alternative Investment Market (AIM) of the London Stock Exchange. It is a mining company with mineral assets across at the Rukwa coal project in Tanzania and is finalising the purchase of the Kabwe (lead, zinc, silver and vanadium) mine in Zambia.
Richard Lloyd, CEO of Shuka Minerals, said “as a junior mining company looking to grow its operations and portfolio in Southern and Eastern Africa, it made perfect sense to the board of Shuka to offer the opportunity to invest in a growth company such as ours to the South African investor base at an early stage in our development. We would welcome individual and institutional investors to our shareholder register and hope they enjoy and benefit from the journey with us. The demand for critical minerals is only going to increase and the opportunity to invest in this should not exclude South African investors.”
Shuka Mineral’s listing has increased the number of companies listed on the JSE to 278, with a market cap exceeding R21.01 trillion.
Valdene Reddy, Director: Capital Markets at the JSE, said “we are delighted to welcome Shuka Minerals to the JSE’s Altx Board. This listing represents a meaningful step for both the JSE and Shuka, offering South African investors access to a diversified African mining company through our streamlined fast-track listing process. Today’s listing also reflects the success of our ongoing efforts to create a more enabling regulatory environment and broaden the range of investment opportunities available on the exchange.”
Picture: JSE