ABN Newswire http://www.abnnewswire.net Mon, 20 May 2013 04:10:19 newsroom@abnnewswire.net newsroom@abnnewswire.net 60 <![CDATA[ Baobab Resources (LON:BAO) Strategic Investment of GBP4,000,000 ]]> en73148 Y http://www.abnnewswire.net/press/en/73148/ Fri, 6 July 2012 16:00:00 GMT Baobab Resources (LON:BAO), the iron, base and precious metals explorer with a portfolio of mineral projects in Mozambique, is pleased to announce a placing of 50,000,000 ordinary shares ('Ordinary Shares') in the Company (the 'Placing Shares') at a price of 8p, raising GBP4,000,000 before expenses (the 'Placing').

The Company has entered into an equity subscription agreement with Redbird Investments Ltd. ('Redbird'), a fully owned investment vehicle of African Minerals Exploration & Development SICAR SCA ('the Fund'). Under this agreement, Redbird has agreed to subscribe for 50,000,000 Ordinary Shares at 8p per share to raise GBP4,000,000 and has been granted 25,000,000 warrants over Ordinary Shares that are exercisable at 12p per share up to 6 July 2013 which, if exercised, would bring the total investment up to GBP7 million.

As part of this Placing, under certain ancillary agreements, the Fund will appoint a nominee to the Board of Baobab (which will occur following completion of necessary procedures) and has the right to appoint a further nominee upon exercise of the warrants.

African Minerals Exploration & Development SICAR SCA is a recently launched Luxembourg based fund that is actively investing in brownfield mineral projects, predominantly in Africa. The Fund counts among its founding partners David Twist and Rudolph de Bruin, who have a proven track record of bringing large scale African projects into production.

Funds raised will be used by the Company primarily for the completion of the pre-feasibility study (PFS) on its highly prospective Tete Project and to provide on-going working capital for the Company. Drilling on the Ruoni Flats (see RNS dated 24 May 2012), where a 120Mt to 260Mt Exploration Target has been estimated by consultant Coffey Mining, has continued to intersect a thick, heavily mineralised package and the Company looks forward to presenting the drill hole analytical results as they become available.

Application will be made to the London Stock Exchange (LON:LSE) for the Placing Shares to be admitted to trading on AIM and it is expected that Admission will become effective and that trading will commence on 12 July 2012. These shares will rank pari passu in all respects with the existing issued Ordinary Shares in the Company. The total issued share capital of Baobab following this allotment will be 264,137,900 Ordinary Shares and Redbird will have a relevant interest representing 18.93% of the Company's total voting rights.

Commenting today, Jeremy Dowler, Baobab's Chairman, said: "the Company is very pleased to welcome the Fund on board and we look forward to working with them to build Baobab into a successful pig iron producer. The African Minerals Exploration & Development investment brings with it not just the assurance of full-funding beyond the conclusion of the PFS, but also an exceptional depth of experience in the mining finance space, specifically in Africa."

Baobab Resources PLC
Ben James
TEL: +61-8-9430-7151

Jeremy Dowler:
TEL: +44-1372-450529

Grant Thornton Corporate Finance
Gerry Beaney / David Hignell
TEL: +44-20-7383-5100

Shore Capital 
Jerry Keen / Toby Gibbs
TEL: +44-20-7468-7964

Fortbridge Consulting
Matt Beale
TEL: +44-7966-389-196

]]> newsroom@abnnewswire.net <![CDATA[ London Stock Exchange Group (LON:LSE) and Bucharest Stock Exchange Sign Collaboration Agreement ]]> en72131 Y http://www.abnnewswire.net/press/en/72131/ Wed, 28 Mar 2012 20:49:46 GMT London Stock Exchange Group (LON:LSE) and the Bucharest Stock Exchange (BSE) today announce that they have signed an exclusive "Letter of Intent" (LoI) to collaborate across five key business areas.

The LoI, signed today by LSEG and BSE at a meeting at the Bucharest Stock Exchange, sets out five collaboration areas: Primary Markets, Seminars and Training, Proquote market data and trading solutions, FTSE and Post Trade services.

LSEG executives are in Bucharest meeting Romanian government ministers ahead of a planned set of co-ordinated joint initiatives which will bring together Romanian companies and London investors and advisors.

Tracey Pierce, Director of Equity Primary Markets, LSEG said:
"The London Stock Exchange Group is delighted to be working with the BSE. As one of the fastest growing CEE economies, Romania presents exciting and natural partnership opportunities for the London Stock Exchange Group. Through this collaboration we will bring together leading Romanian companies and privatisation candidates with the international investor community in London."

Lucian Anghel, Chairman of the Bucharest Stock Exchange said:
"It is an honour for us to establish a collaboration agreement with the London Stock Exchange Group. Throughout the years the foundation of a partnership has been built, but now we can really strengthen this collaboration and join our efforts towards bringing Romanian investing opportunities closer to London investors."

The scope of the collaboration covers:
Primary Markets:
- LSEG and BSE will co-promote a "Romania - Investment Forum", to raise awareness amongst London based investors and advisers of the investment opportunities within the fast-growing Romanian economy
- LSEG will support BSE during investor road shows of Romanian privatisation candidates

LSE Academy:
- The London Stock Exchange Academy will provide seminars, training courses and coaching sessions to members of the BSE, Central Depository, National Securities Commission, Romanian Ministries and Privatisation office

Proquote and Membership:
- LSEG will offer simple access to London Stock Exchange markets for new members together with cost-effective market information and execution facilities using the LSEG's Proquote system

FTSE:
- FTSE Group and BSE to explore the development of suitable indices for the Romanian market

Post Trade:
- LSEG and BSE will explore and develop potential collaboration between Monte Titoli and Depozitarul Central
- LSEG will provide assistance for the clearing of BSE traded securities and provide support to the potential establishment of a Securities Clearing House and Central counterparty functions

Tom Gilbert
Press Office
TEL: +44-20-7797-1222          
newsroom@londonstockexchange.com

]]> newsroom@abnnewswire.net <![CDATA[ VIDEO: London Stock Exchange (LON:LSE) Senior Manager - Russia &amp; CIS Equity Primary Markets John Edwards Speaks With Frontier Securities at Mongolia: Capital Raising and Investment Conference ]]> en68512 Y http://www.abnnewswire.net/multimedia/en/68512/ Thu, 21 July 2011 10:37:36 GMT This year's conference, titled "Mongolia: Capital Raising and Investment" was the fifth edition of its kind to be organized by Frontier Securities. Having grown year on year in terms of importance since 2007, this conference has become a major event for anyone interested in exploring the latest developments in Mongolia's business environment from key direct sources.

The focus of this last edition, held in the context of a robustly growing economy and booming mineral exports, encompassed the dynamics of capital raising from the viewpoint of the Mongolian government and local private sector by way of privatization and/or bond issue. It further provided the global investors community (266 Mongolian and foreign entities covering 19 countries were represented) with some relevant and up-to-date insights about the numerous opportunities offered by a wide array of sectors in the country, the most prominent of which being the mining sector. The conference has gathered more than 500 prominent industry leaders and government officials.

View the Video Interview here:
http://www.abnnewswire.net/multimedia/en/68512/London-Stock-Exchange

Frontier Securities
Tel: +976-7011-9999
Fax: +976-7011-1991
Email: staff@frontier.mn
http://www.frontier.mn

]]> newsroom@abnnewswire.net <![CDATA[ London Stock Exchange Group (LON:LSE) To Provide Technology For New Central and Eastern European CCP Infrastructure ]]> en67888 Y http://www.abnnewswire.net/press/en/67888/ Sat, 11 June 2011 11:59:52 GMT London Stock Exchange Group (LON:LSE) ("LSEG") today announced that it has been selected to provide clearing technology services for a new cross-market Central Counterparty (CCP) mechanism for Central and Eastern European (CEE) capital markets. The new platform, called CCP.CEE, will facilitate a standardised cross-regional clearing infrastructure for CEE markets, initially in Vienna, Prague, Ljubljana and Budapest.

The service, which will offer international, regional and local customers an advanced, real-time clearing solution, providing best-practice international clearing and risk management services, will begin its roll out in Vienna in mid-2012, with the Prague cash markets to follow soon after.

The agreement was signed with Austrian capital market infrastructure provider, OeKB, which is a 50 percent co-owner of Austria´s Clearinghouse, CCP.A.
Kevin Milne, Director of Post Trade Services at London Stock Exchange Group, said:

"We are delighted to have been selected to provide clearing technology services for the CEE Capital Markets. This will enable CEE markets to benefit from an advanced real-time clearing platform. We look forward to working in partnership with CCP.CEE to expand this initiative within the CEE region."

Georg Zinner, Director of Capital Markets at OeKB, said:
"We are excited to be partnering with London Stock Exchange Group as the provider of clearing technology services for CCP.CEE. LSEG offers a fully hosted, near turnkey state-of-the-art solution. Choosing this solution will enable the CEE markets to achieve the benefits of scale which only shared infrastructure can offer."

The platform's software has been designed by LSEG and developed by leading global exchange technology provider, MillenniumIT. It will be operated by LSEG from its IT facilities in London and Milan.

Press Office
TEL: +44-20-7797-1222
EMAIL: newsroom@londonstockexchange.com

]]> newsroom@abnnewswire.net <![CDATA[ Mongolian Prime Minister And London Stock Exchange Group (LON:LSE) CEO Seal Partnership To Develop Mongolian Stock Exchange ]]> en66919 Y http://www.abnnewswire.net/press/en/66919/ Fri, 8 Apr 2011 10:00:32 GMT London Stock Exchange Group Plc (LON:LSE) and the Mongolian State Property Committee ("SPC") today announce that they have signed a Master Services Agreement ("MSA"), confirming their intention to modernise the Mongolian Stock Exchange ("MSE"), and agreeing details of how the partnership will be implemented.

LSEG Chief Executive Xavier Rolet met with Mongolian Prime Minister Sükhbaataryn Batbold at a signing ceremony in Ulan Bator today to confirm the agreement, which will see LSEG contributing to the modernisation of the MSE through the provision of technology, education and regulatory and capital markets expertise.

Sükhbaataryn Batbold, Prime Minister of Mongolia, said:

"I am delighted that we have been able to confirm this partnership.

"Mongolia's economic potential is recognised across the globe, and matched by our ambition to build a world class capital market at the centre of a modern, internationally focused economy.

"We believe that the London Stock Exchange Group is the best possible partner to support these ambitions, and look forward to a long term, mutually productive relationship."

Xavier Rolet, Chief Executive of LSEG, said:

"We are hugely proud to have been chosen to develop the MSE into an institution befitting Mongolia's growing importance on the world stage. We are strong believers in the benefits of an equity culture like that advocated by the Mongolian government, and are thrilled to participate in the construction of a high quality financial infrastructure which best facilitates that ideal.

"The project we've finalised today underlines the increasingly diverse, international nature of LSEG's business strategy, and will facilitate Mongolia's speedy integration into the global financial community."

Mr. D. Sugar, Chairman of the Mongolian State Property Committee, said:

"LSEG's diverse expertise will be invaluable as we continue to develop, modernise and privatise Mongolia's financial infrastructure. We are excited about the months ahead, and look forward to working together to implement this crucial project."

Under the agreement LSEG will collaborate with the SPC in a number of areas, including:

- LSEG will appoint a management team at the MSE to oversee its development and privatisation;

- LSEG's MillenniumIT, the leading global exchange technology provider, will provide trading, surveillance and post trading infrastructure to the MSE;

- Using the LSEG Academy, both parties will conduct a comprehensive training programme on capital markets infrastructure and legislative framework for MSE officers, clients and officers of the Mongolia Financial Regulatory Commission;

- LSEG will advise the MSE on the modernisation of market rules, procedures, structure and operation at the MSE;

- LSEG will provide assistance in the broadening of tradable asset classes at the MSE, to derivatives and ETFs; and

- LSEG will work to implement an international standard Mongolian market index.

Jonny Blostone
Press Office 
London Stock Exchange Group Plc
Tel: +44-20-7797-1222
Email: newsroom@londonstockexchange.com

]]> newsroom@abnnewswire.net <![CDATA[ Hoang Anh Gia Lai Becomes First Vietnamese Company To List on London Stock Exchange ]]> en66676 Y http://www.abnnewswire.net/press/en/66676/ Thu, 24 Mar 2011 09:10:01 GMT Hoang Anh Gia Lai Joint Stock Company today became the first Vietnamese company to list on the London Stock Exchange. The company, which raised $56.5m on admission to the Exchange's Professional Securities Market ["PSM"], is also the first Vietnamese incorporated company to issue equity outside Vietnam. The company's Global Depository Receipts (GDRs) will be traded on the London Stock Exchange's international order book, with Deutsche Bank acting as the custodian and depositary.

- First ever issue of equity from a Vietnamese incorporated company outside Vietnam
- Company raises $56.5m at admission
- One of Vietnam's largest diversified businesses and Arsenal FC's main Southeast Asia merchandise distributor

Tracey Pierce, Director of Equity Primary Markets at London Stock Exchange Group, said: "We are delighted to welcome Hoang Anh Gia Lai, our first Vietnamese listing, to London. As the first ever issue of equity by a Vietnam incorporated company outside of its home market, today's float is a major win for London and a tremendous achievement for the company, which is now quoted on our markets alongside its global peers.

"The broad range of routes to market that we offer, including the PSM, which allows companies to report in domestic accounting standards, ensures that London's unrivalled pool of international capital is accessible to ambitious, high quality companies from the widest possible range of countries and sectors. Following today's successful debut, we hope that many more companies from South East Asia will follow Hoang Anh Gia Lai's lead, and pursue an international listing".

Established in 1993 as a small wooden furniture producer based in Gia Lai province, Hoang Anh Gia Lai is now one of Vietnam's largest diversified companies. As well as being one of Vietnam's largest property developers, the company is involved in forestry, minerals, rubber plantation and latex processing, with ambitions to expand its operations into other Southeast Asian countries. The company also owns the soccer club which bears its name, and is the main distributor of Arsenal FC merchandise in Southeast Asia, following an agreement signed with the English club last year.

Lauren Crawley-Moore
Press Office +44 (0)20 7797 1222
newsroom@londonstockexchange.com

]]> newsroom@abnnewswire.net <![CDATA[ London Stock Exchange (LON:LSE) Cash Markets Go Live on New Trading System ]]> en65219 Y http://www.abnnewswire.net/press/en/65219/ Tue, 15 Feb 2011 00:19:48 GMT The London Stock Exchange's (LON:LSE) UK cash markets have today migrated to a new ultra low-latency trading platform - Millennium Exchange. Developed by London Stock Exchange Group's leading trading technology business MillenniumIT, Millennium Exchange is a highly scalable, multi-asset class trading platform, offering the Exchange's clients superior technical performance, ultra low-latency and enhanced functionality.

Antoine Shagoury, Chief Information Officer, London Stock Exchange Group, said:
"Today's roll-out of Millennium Exchange for our UK cash markets demonstrates our continued commitment to technological innovation in the marketplace. We are confident that this new platform will provide our customers with exceptional levels of performance, functionality, and capacity.

"This migration is a crucial step forward in our drive to offer best in class trading services and marks a key milestone in the introduction of tightly integrated transaction technology across our markets."

The timeline for further phases of the London Stock Exchange Group's migration to Millennium Exchange, covering the other markets operated by the Group, will be released in due course.

The following UK Trading Services have migrated to Millennium Exchange:

- SETS (including ETFs, ETCs and ETNs)
- Modified SETS (including Covered Warrants and other structured products)
- SETSqx
- SEAQ
- International Order Book (IOB)
- European Quoting Service (EQS)
- European Trade Reporting Service
- Trade reporting only

Alastair Fairbrother 
Press Office
TEL: +44-20-7797-1222 
newsroom@londonstockexchange.com

]]> newsroom@abnnewswire.net <![CDATA[ London Stock Exchange Group (LON:LSE) and India's National Stock Exchange (NSE) Sign Letter of Intent ]]> en63414 Y http://www.abnnewswire.net/press/en/63414/ Wed, 28 July 2010 20:24:09 GMT London Stock Exchange Group (LON:LSE) and India's National Stock Exchange (NSE) today signed a Letter of Intent to evaluate joint strategic business opportunities, and to co-operate together more closely in the future.

As part of the Letter, both exchanges declared their intent to explore the feasibility of an agreement whereby FTSE Group may licence the FTSE 100 Index to the NSE, and whereby the NSE may licence the S&P CNX Nifty (Nifty 50) to LSEG for the purpose of issuing and trading options and other index contracts.
It also conveys the intention of both parties to evaluate other joint strategic opportunities, such as allowing access to each other's market as and when regulatory framework permits.

Additionally, the two signatories will explore the possibility of holding joint training & education courses and seminars with a particular focus on Small and Medium sized Enterprises (SMEs).

The Letter of Intent was signed in Mumbai by Xavier Rolet, Chief Executive of LSEG and Chitra Ramkrishna, Joint Managing Director of the NSE, in the presence of the Hon. George Osborne MP, the Chancellor of the Exchequer of the United Kingdom, who is leading a high profile British business delegation to Mumbai.

Speaking at the signing Xavier Rolet said:
"The Letter of Intent we have signed with the NSE today illustrates London Stock Exchange Group's commitment to India, and we believe it will lead to significant benefit for the customers and shareholders of our respective exchanges. We are optimistic about India's remarkable growth story and feel strongly that a business relationship with India's leading stock exchange opens exciting investment opportunities for Indian investors in international companies, as well as giving international investors greater opportunities to participate in India's growth."

Ms. Chitra Ramkrishna said:
"We are confident that the Letter of Intent with the London Stock Exchange will open up newer investment opportunities for Indian investors and expand the bouquet of investible instruments NSE platform provides. We also hope to draw upon the expertise of LSE in the SME segment for the benefit of Indian SMEs and investors."

Corporate Communications 
TEL: +91-22-26598148 
EMAL: cc_nse@nse.co.in 

London Stock Exchange Group 
Mohan Bhuyan, Media Representative (India)
TEL: +91-9810058564 

Jonny Blostone, Press Office, 
London Stock Exchange Group 
TEL: + 44-20-7797-1222 
newsroom@londonstockexchange.com

]]> newsroom@abnnewswire.net <![CDATA[ FINANCE VIDEO: London Stock Exchange (LON:LSE): Naomitsu Abe Speaks with Yuji Iwasaki in Mongolia ]]> en63274 Y http://www.abnnewswire.net/multimedia/en/63274/ Thu, 8 July 2010 17:37:23 GMT FINANCE VIDEO: London Stock Exchange (LON:LSE): Naomitsu Abe Speaks with Yuji Iwasaki in Mongolia.

There are more than 200 companies from the Asia-Pacific region on our markets, with the most recent addition being the flotation of Yujin International, a marine transportation company from Singapore, on AIM.

View the video at:
http://www.abnnewswire.net/multimedia/en/63274/London-Stock-Exchange

Building upon London's expertise, the Exchange has opened a representative office in Beijing, which follows the opening of a Hong Kong Office in 2004, and underlines the Exchange's ongoing commitment to one of its key overseas markets.

The Beijing office, opened in January 2008 by Gordon Brown MP, Mr. Yao Gang, The Rt Hon John Hutton MP Clara Furse, and has enabled the Exchange to liaise more closely with its existing Asian customers, whilst building relationships across the region and attracting further Asian companies to London. ]]> newsroom@abnnewswire.net <![CDATA[ Solomon Gold Plc (LON:SOLG) Announces Maiden Resource Estimate ]]> en63032 Y http://www.abnnewswire.net/press/en/63032/ Tue, 8 June 2010 10:04:01 GMT The Directors of D'Aguilar Gold Limited (ASX:DGR) are pleased to draw the attention of shareholders to last night's announcement by (LON:SOLG) regarding its maiden inferred resource estimate from the Rannes Prospect held by the Queensland-based Central Minerals Pty Ltd.

The Estimate was completed by Hellman & Schofield Pty Ltd, an independent geological consultancy and has been classified as Inferred for reporting under the JORC Code for Reporting of Mineral Resources and Ore Reserves widely accepted as a standard for professional reporting purposes.

The key points of Solomon Gold's announcement included:

- Maiden Resource Estimate completed for the Crunchie Prospect only;

- Inferred Mineral Resource of 5.6Mt at 1.12g/t equ. Au for 201,648oz of contained equivalent gold (0.20g/t equ. Au cut-off grade);

- A series of multiple prospects in close proximity to the Crunchie Prospect, providing excellent potential for a significant expansion of the existing resource inventory;

- Core drilling reveals mineralisation with compelling similarity to the Carlin Style deposits in Nevada, USA; and

- 20,000m drilling campaign on targets close to Crunchie to commence immediately.

The announcement can be viewed on the London Stock Exchange (LON:LSE) website under the Solomon Gold code of SOLG, or in the "Latest News" section of the Solomon Gold website at:

http://www.solomongold.com

Following the recent sale of its subsidiary Central Minerals Pty Ltd to Solomon Gold, D'Aguilar Gold Limited holds 32.9 million shares in Solomon Gold plc, which equates to 17.05% of the issued capital.

K M Schlobohm
Company Secretary
Tel: +61-7-3303-0680
Fax: +61-7-3303-0681
Email: info@daguilar.com.au
www.daguilar.com.au

]]> newsroom@abnnewswire.net