3rd Jul 2026 11:11
(Alliance News) - Amaroq Ltd on Friday updated on its planned move to the London Main Market from AIM.
The Greenland-focused mine developer expects admission to the equity shares (commercial companies) category will occur no earlier than July 31.
This remains subject to approval from the UK Financial Conduct Authority, but does not require shareholder approval.
Amaroq is not planning to raise funds or issue new shares as part of the transfer. It said it will update further "as necessary in due course".
Chief Executive Eldur Olafsson commented: "Amaroq has achieved significant milestones in recent years as we continue to advance our portfolio and position the company for long-term growth.
"Our intention to seek admission to the Main Market reflects both the progress we have made and our confidence in the future. We believe that a move to the Main Market will enhance our visibility in the capital markets, support access to a broader pool of institutional capital, and further strengthen our platform as we continue to execute our growth strategy."
Amaroq shares rose 3.0% to 87.00 pence on Friday morning in London.
By Holly Munks, Alliance News reporter
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Related Shares:
Amaroq Minerals