Vulcan Energy (ASX:VUL) applies to dual list on Frankfurt Stock Exchange.
Vulcan Energy (VUL) is applying to dual list on the regulated market of the Frankfurt Stock Exchange (FSE).
The company plans on entering the Prime Standard market segment, which has the highest transparency requirements of all segments on the FSE.
Dual listing will increase the company’s international profile and allows the European investment community to invest in Vulcan.
The listing is expected to take around six to nine months.
Additionally, Vulcan has appointed Berenberg as a listing advisor. Berenberg is the world’s oldest merchant bank having being founded in Germany in 1590.
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Vulcan is aiming to become the world’s first lithium producer with net zero greenhouse gas emissions. Its zero carbon lithium project intends to produce a battery-quality lithium hydroxide chemical product from its combined geothermal energy and lithium resources.
Managing Director Francis Wedin is looking forward to the dual listing.
Dr Wedin said.
This planned dual listing on the regulated exchange of the FSE, a first for any Australian company, will assist with this process.
“Given the German base and role in the EU energy transition of our Zero Carbon Lithium Project, Vulcan is aiming to increase its European investor base and international exposure, whilst meeting and exceeding the highest standards of governance, reporting and transparency.”
“We look forward to working with Berenberg and our other advisors on this process, in what we hope will be an exciting next step for all shareholders as the company evolves.”
Highlights:
- Vulcan Energy (VUL) is applying to dual list on the regulated market of the Frankfurt Stock Exchange (FSE)
- VUL will become the first Australian company to have a listing on the regulated market of the FSE
- The company plans on entering the Prime Standard market segment, which has the highest transparency requirements of all segments on the FSE
- The listing is expected to take around six to nine months
- Vulcan is trading in the grey at $13.25 per share at 10:11 am AEST
Vulcan Energy (ASX:VUL) applies to dual list on Frankfurt Stock Exchange, August 9, 2021
