DGAP-Adhoc
Tantalus Rare Earths AG: Revocation of admittance of shares for trading in the market segment 'Primärmarkt' of the Open Market of Düsseldorf Stock Exchange and application for termination of listing of Tantalus shares in the general Open Market of Düsseld
Tantalus Rare Earths AG / Key word(s): Delisting
21.10.2016 12:47
Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Ad-hoc-Notice
Revocation of admittance of shares for trading in the market segment
"Primärmarkt" of the Open Market of Düsseldorf Stock Exchange and
application for termination of listing of Tantalus shares in the general
Open Market of Düsseldorf Stock Exchange
Munich, 21 October 2016
The Management Board of Tantalus Rare Earths AG has decided today to apply
for the revocation of the admittance of shares of Tantalus Rare Earths AG
(ISIN DE000A1MMFF4) for trading in the market segment "Primärmarkt" of the
Open Market of Düsseldorf Stock Exchange according to sec. 19 para. 4 of
the general terms and conditions of Düsseldorf Stock Exchange AG for the
Open Market of Düsseldorf Stock Exchange. The Management Board will
transmit a respective revocation to Düsseldorf Stock Exchange AG at short
notice. The grace period until the revocation becoming effective shall be
one month after the end of the month in which the application has been
made.
The Management Board expects the Düsseldorf Stock Exchange to terminate the
trading of Tantalus shares (ISIN DE000A1MMFF4) according to sec. 19 para. 5
of the general terms and conditions of Düsseldorf Stock Exchange AG for the
Open Market of Düsseldorf Stock Exchange immediately after the revocation
in the "Primärmarkt" has come into effect and to include the shares to the
general Open Market.
The Management Board of Tantalus Rare Earths AG has also decided today to
apply for a termination of listing of shares of Tantalus Rare Earths AG
(ISIN DE000A1MMFF4) in the general Open Market of Düsseldorf Stock Exchange
according to sec. 7 of the general terms and conditions of Düsseldorf Stock
Exchange AG for the Open Market of Düsseldorf Stock Exchange. The
Management Board will transmit a respective application to Düsseldorf Stock
Exchange AG at short notice. The grace period until the termination of
listing becoming effective shall be six months after the end of the month
in which the application has been made.
The Management Board expects that the Düsseldorf Stock Exchange terminates
the trading of shares immediately after the suspension of listing in the
general Open Market has come into force.
The Düsseldorf Stock Exchange also has to examine if the requirements for
the revocation of the admittance of shares in the market segment
"Primärmarkt" of the Open Market according to sec 19 para. 2 of the general
terms and conditions of Düsseldorf Stock Exchange AG for the Open Market of
Düsseldorf Stock Exchange and the termination of listing of shares in the
general Open Market of Düsseldorf Stock Exchange according to sec. 7 para.
1 sentence 3 of the general terms and conditions of Düsseldorf Stock
Exchange AG for the Open Market of Düsseldorf Stock Exchange have been
fulfilled.
The agreed sales process with Apphia Minerals SOF PTE. Ltd. concerning the
shares of Tantalum Holding (Mauritius) Limited is further running according
to the terms agreed upon the Extraordinary General Meeting on 11th April
2016. The coming application for revocation of the admittance of shares of
Tantalus Rare Earths AG in the market segment "Primärmarkt" of the Open
Market and the coming application for the termination of listing of shares
of Tantalus Rare Earths AG in the general Open Market have no influences on
this sales process.
Tantalus Rare Earths AG
Management Board
About Tantalus Rare Earths AG
Tantalus Rare Earths AG (ISIN DE000A1MMFF4) is a Germany-based company that
has been engaged in the development of rare earths in Madagascar. As
previously announced the Company has agreed to sell the said rare earths
development project. Tantalus's shares are quoted on the "Primärmarkt" of
the Düsseldorf Stock Exchange.
For further information please contact
Markus Kivimäki, EVP, Tantalus Rare Earths AG
Tel.: +358 503 495 687
Markus.kivimaki@tre-ag.com
German media contact
rikutis consulting
Falk v. Kriegsheim
Tel.: +49 172 9837109
fvk@rikutis.de
21.10.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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