African Energy Heading For Botswana Stock Exchange Exit
African Energy Resources Limited has been listed on the venture capital board of the Botswana Stock Exchange (BSE) since October 2011. There are currently 22 shareholders holding less than 0.3% of the Company’s shares on issue. Whilst the Company continues to pursue the development of the Sese JV Coal and Power Project, the Directors formed the view that the administrative costs and related obligations associated with maintaining the BSE listing are no longer justifiable and shareholders subsequently voted in favour of a delisting from the BSE at the AGM on 22 November 2017. “A circular to holders of the Company’s shares on the BSE will be released on 19 January 2018 setting out the options available to them with regard to the delisting. The …