Centamin which was previously called Centamin Egypt Limited announced in a statement on Saturday that the corporate structure has been altered. Centamin Egypt Limited and its subsidiaries (Centamin Group) have been replaced by Centamin as company incorporated in Jersey as the holding company of the Centamin Group.
Centamin's ordinary shares to be traded in the premium segment of the Official List of UK Listing Authority and the London Stock Exchange's Main Market for listed securities have become effective; accordingly trading in Centamin Egypt Limited's ordinary shares has been cancelled.
Centamin's ordinary shares will also be listed on the Toronto Stock Exchange and be available for trading from today.
The ticker symbol for Centamin's ordinary shares is CEY on the London Stock Exchange and CEE on the Toronto Stock Exchange.
All of Centamin Egypt Limited's shares have been transferred to Centamin. Those eligible Centamin Egypt Limited shareholders on the register as at 11.00am (GMT) on 23 December 2011 will receive one Centamin share for each share held in Centamin Egypt Limited.
Centamin Egypt Limited, a wholly owned subsidiary of the Company, is a mineral exploration, development and mining company that has been actively exploring in Egypt since 1995.
The principal asset of the Centamin Group is its interest in the Sukari Gold Mine, located in the Eastern Desert of Egypt. Construction at the Sukari Gold Project began in March 2007 with the first gold being produced in June 2009.