10th Apr 2006 11:58
African Platinum Plc10 April 2006 African Platinum plc ("the company")Ticker : APPIndex : AIMSector : Exploration AFPLATS APPOINTS JPMORGAN CAZENOVE AS NOMINATED ADVISER AND BROKER London, 10 April 2006 - The board of African Platinum plc ("the company") ispleased to announce with immediate effect the appointment of JPMorgan Cazenoveas its Nominated Adviser. In addition, JPMorgan Cazenove will act as SoleBroker to African Platinum for the purposes of the AIM Rules. Commenting on the announcement, Roy Pitchford, CEO, said: "Following the recentrelease of the Leeuwkop project feasibility study and the increasingly tangiblenature of the company's operations, we have reached a stage where the boardfeels that the time has come for the company to move its corporate affairs toJPMorgan Cazenove". In the company's 2005 Annual Report, African Platinum stated that the companyhad made an initial filing for a secondary listing on the American StockExchange ("Amex"). However, following consultation with its advisers, thecompany believes that for reasons of both cost/benefit analysis and flexibility,it is no longer appropriate to continue with the application. Therefore thecompany also today announces that it is withdrawing its current application foran Amex listing. In conjunction with its advisers, the company will continue toreview possible overseas listing and related opportunities to complement theexisting London quotation. LIVE WEBCAST: Afplats CEO Roy Pitchford is making a presentation at theEuropean Investor Metals and Mining Forum, London Stock Exchange today, 10 April2006, at 14:40 UK time. To view it, click on http://www.investorcalendar.com/CEPage.asp?ID=103304 AFRICAN PLATINUM PLC ENQUIRIES: Chief Executive - Roy Pitchford+27 (0)82 419 2581 or +44 (0)77 9390 9985 Investor & Media Relations - Kathy du Plessis+27 (0)11 728 4701, +27 (0)83 266 5847 (Mobile) or [email protected]: www.afplats.com DISCLAIMER: Investing in all equities, including natural resources-relatedequities, carries risks which should be taken into consideration when making aninvestment. This announcement contains forward-looking statements regardingAfrican Platinum plc, including the development of its mining developmentprojects. Actual results relating to any and all of these subjects may differmaterially from those presented. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
APP.L