EANS-News: Tantalus Rare Earths AG
announces that they move from the current
listing on the Frankfurt Stock Exchange First Quotation Board to the
"Primärmarkt" of the D-dorf Stock Exchange
04.12.2012 – 11:36
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- C.E.O. Interviews/Strategic management decisions Grünwald (euro adhoc) - (TAEN: GR) (Gruenwald, 04.12.2012) Tantalus Rare Earths AG ("TRE AG" or "the Company") today announces that preparations are nearly finalised to move from the Company's current listing on the Frankfurt Stock Exchange's First Quotation Board to the "Primärmarkt" of the Duesseldorf Stock Exchange. The Primärmarkt provides additional transparency requirements for listed companies. For example, additional requirements include: * Audited financial statements need to be disclosed within six months of listing * Half-year financial reports needs to be published within the first nine months. Due to the listing requirements, transparency requirements and ongoing obligations, the Primärmarkt is a superior exchange to the Frankfurt Stock Exchange's First Quotation Board. In addition to the above information requirements, companies listed on the Primärmarkt have to comply with the following: * ad-hoc announcements * Publication of a corporate calendar * Company profile (annually renewed) * Publication of supplements to prospectuses TRE AG is responding to the new segmentation of the OTC / Open Market on the Frankfurt Stock Exchange, which has already led to a number of companies delisting. In the primary market Duesseldorf, only companies which successfully meet the relevant performance criteria are allowed. TRE AG CEO, Juergen Schillinger, said: "We are pleased to make the move to the Duesseldorf Stock Exchange and feel that it is a more appropriate exchange for TRE AG to be listed on. We welcome the additional disclosure requirements and hope that the increased transparency will improve the visibility and attractiveness of TRE AG for our shareholders and new investors, as well as for our business partners. "The listing will officially commence in the next few days. "We have committed ourselves to produce a securities prospectus no later than 31 March 2013, in order to conform with Primärmarkt regulations and have initiated all necessary measures to create an appropriate securities prospectus which will be published after approval by the German Federal Financial Supervisory Authority "BaFin". The listing of TRE AG shares in the First Quotation Board, Open Market of the Frankfurt Stock Exchange will close, due to the closure of this exchange, on 14 December 2012. Tantalus Rare Earths AG The Board Further inquiry note: Für weitere Informationen kontaktieren Sie bitte: Juergen Schillinger, Chief Executive Officier Tel: +49 (0) 89 693 960 66 Email: schillinger@tre-ag.com www.tre-ag.com David Rigoll, Director Tel: +44 7500 068555 Email: rigoll@tre-ag.com Paul Weigh Blythe Weigh Communications Tel: +44 (0) 20 71383204 oder +44 (0) 7989 129658 end of announcement euro adhoc -------------------------------------------------------------------------------- company: Tantalus Rare Earths AG Nördliche Münchner Str. 16 D-82031 Grünwald phone: +49 (0)89 693 960 66 FAX: +49 (0)89 693 960 68 mail: contact@tre-ag.com WWW: www.tre-ag.com sector: Holding companies ISIN: DE000A1MMFF4 indexes: stockmarkets: Open Market: Frankfurt language: English