Welcome!

News Feed Item

Nautilus Minerals Inc.: Proposed Cancellation of Admission of Common Shares to Trading on AIM

TORONTO, ONTARIO -- (Marketwire) -- 02/01/13 -- Nautilus Minerals Inc. (TSX:NUS)(OTCQX:NUSMF)(AIM:NUS) ("Company" or "Nautilus") announces that the admission of its common shares to trading on the AIM market of London Stock Exchange plc ("AIM") will be cancelled with effect from 7:00 a.m on March 8, 2013 (GMT). The last trading day on AIM will be March 7, 2013. The Company will continue to maintain its listing on the Toronto Stock Exchange ("TSX").

This decision to cancel has been made following a careful review of Nautilus' listing on AIM by the board of directors of the Company ("Board"). The principal reasons for the Board's decision relate to the lack of liquidity in the Company's shares on AIM and the cost of maintaining the listing on AIM. The Board considers that the costs incurred to maintain the listing of the Company's shares on AIM now exceed current and potential future benefits the Company could obtain from the listing. The Board looks forward to the continued support of its shareholders though its TSX listing.

Further information on cancellation of AIM listing and termination of DI register

Computershare Investors Services Plc, acting in its capacity as Depositary in respect of Nautilus' Depositary Interests ("DI"), which are the Company's securities listed on AIM, and each of which represents one common share), will be writing to all DI holders today to advise as to the process for the termination of DIs (see Links section below to obtain a copy of the letter to DI Holders). The termination of DIs is a separate event to the cancellation of the AIM listing. All DIs will remain valid after the cancellation of the AIM listing, up until the termination of the DI register.

In accordance with the deed constituting the DIs, DI holders will be given 90 days' notice from today of the termination of the DI register ("Notice Period"). During the Notice Period, DI holders may transfer their holding to the Canadian based depository ("Canadian Depository") operated by the Canadian Depository for Securities Limited ("CDS"). An updated holding statement of Nautilus shares will then be issued to former DI holders. Once the shares are transferred to the Canadian Depository, they will be tradable through the facilities of the TSX. This process can be completed quickly if all documents received are valid.

To transfer your holding, DI holders should contact the global transactions team for Computershare. Please e-mail ![email protected] or phone Suzanne Schofield on +44 1534 281869. Beneficial shareholders who hold shares with a UK Broker in CREST should contact their broker if they wish to sell/transfer their shares.

If shareholders wish to sell their DIs before the transfer to the Canadian Depository, they must do so prior to the date of termination. Once the Notice Period has expired, DI holders will automatically be transferred to the UK Branch Certificated Share Register in Jersey ("Jersey Register"). Subsequently, following the termination of the Jersey Register, former DI holders and certificated holders on the Jersey Branch Register will be transferred to the Canadian Register and a certificate of holding will be issued to the holder as recorded on the DI/Branch register.

The Company will continue to maintain its listing on the TSX and, as such, cancellation of the AIM listing is not conditional upon shareholder consent.

Timetable of Events


----------------------------------------------------------------------------
Key Dates           Action                                                  
----------------------------------------------------------------------------
February 1, 2013    Market announcement + letter to DI holders posted       
----------------------------------------------------------------------------
March 7, 2013       Final trading day of the Company on AIM                 
----------------------------------------------------------------------------
March 8, 2013       Cancellation of AIM listing                             
----------------------------------------------------------------------------
May 3, 2013         Termination of Depositary Interest register and the     
                    removal of the ISIN within the CREST Settlement System  
                                                                            
                    Transfer of Depositary Interest holders to the Jersey   
                    Register                                                
----------------------------------------------------------------------------
May 10, 2013        Expiration of Depositary Interests in CREST             
----------------------------------------------------------------------------
May 10, 2013        Migration of Jersey Register to Canadian Register       
----------------------------------------------------------------------------

Links

http://www.nautilusminerals.com/i/pdf/LetterfromComputersharetoDIholders.pdf

For more information please refer to www.nautilusminerals.com.

About Nautilus Minerals Inc.

Nautilus is the first company to explore the ocean floor for polymetallic seafloor massive sulphide deposits. Nautilus was granted the first mining lease for such deposits at the prospect known as Solwara 1, in the territorial waters of Papua New Guinea, where it is aiming to produce copper, gold and silver. The company has also been granted its environmental permit for this site.

Nautilus also holds more than 500,000 km2 of highly prospective exploration acreage in the western Pacific; in PNG, the Solomon Islands, Fiji, Vanuatu and Tonga, as well as in international waters in the eastern Pacific.

A Canadian registered company, Nautilus is listed on the TSX:NUS and AIM:NUS stock exchanges and OTCQX:NUSMF. Its corporate office is in Brisbane, Australia. Its major shareholders include Metalloinvest, the largest iron ore producer in Europe and the CIS, which has a 21% holding, global mining group Anglo American, which holds an 11.1% interest and MB Holdings, an Oman based group with interests in mining, oil & gas, which holds a 16.9% interest.

Neither the TSX, London Stock Exchange, nor the OTCQX accepts responsibility for the adequacy or accuracy of this press release.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abil...
With so much going on in this space you could be forgiven for thinking you were always working with yesterday’s technologies. So much change, so quickly. What do you do if you have to build a solution from the ground up that is expected to live in the field for at least 5-10 years? This is the challenge we faced when we looked to refresh our existing 10-year-old custom hardware stack to measure the fullness of trash cans and compactors.
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
DevOps at Cloud Expo, taking place Nov 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long dev...
Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is expected in the amount of information being processed, managed, analyzed, and acted upon by enterprise IT. This amazing is not part of some distant future - it is happening today. One report shows a 650% increase in enterprise data by 2020. Other estimates are even higher....
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications. Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
Qosmos has announced new milestones in the detection of encrypted traffic and in protocol signature coverage. Qosmos latest software can accurately classify traffic encrypted with SSL/TLS (e.g., Google, Facebook, WhatsApp), P2P traffic (e.g., BitTorrent, MuTorrent, Vuze), and Skype, while preserving the privacy of communication content. These new classification techniques mean that traffic optimization, policy enforcement, and user experience are largely unaffected by encryption. In respect wit...
Kubernetes, Docker and containers are changing the world, and how companies are deploying their software and running their infrastructure. With the shift in how applications are built and deployed, new challenges must be solved. In his session at @DevOpsSummit at19th Cloud Expo, Sebastian Scheele, co-founder of Loodse, will discuss the implications of containerized applications/infrastructures and their impact on the enterprise. In a real world example based on Kubernetes, he will show how to ...
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
Is the ongoing quest for agility in the data center forcing you to evaluate how to be a part of infrastructure automation efforts? As organizations evolve toward bimodal IT operations, they are embracing new service delivery models and leveraging virtualization to increase infrastructure agility. Therefore, the network must evolve in parallel to become equally agile. Read this essential piece of Gartner research for recommendations on achieving greater agility.
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.