2nd May 2018 15:27
LONDON (Alliance News) - Berkeley Energia Ltd on Wednesday said it intends to apply for admission on the main markets both in London and four Spanish Stock Exchanges.
The Spanish exchanges are Madrid, Barcelona, Bilbao, and Valencia.
The clean energy company said it will thus request cancellation of trading of its shares on the AIM market of the London Stock Exchange.
Berkeley believes a listing on the markets will provide it with options for future growth potential, given the geographic location of the company's Salamanca project in Europe and the size and maturity of its operations.
The listings are expected to deliver a higher profile for the company in European markets, it said, including the potential for local Spanish ownership of the company's shares.
"Our decision to list on the main board of the London and Spanish Stock Exchanges represents a major strategic move forward for the company," said Managing Director Paul Atherley.
"It will allow us to build support amongst European institutional investors whilst we advance activities on site."
Shares in Berkeley Energia were trading 1.3% higher at 45.59 pence per share on Wednesday.
Related Shares:
Berkeley Eng