Sintana Energy Inc (TSX-V:SEI, OTCQB:SEUSF) said on Tuesday its shares began trading on the AIM market of the London Stock Exchange, expanding the energy company’s access to international investors following a recent acquisition.
Dealings in Sintana’s common shares, represented by depositary interests, started at 8 AM GMT under the ticker “SEI”, giving the company an expected market capitalisation of about £128 million, it said.
The AIM admission follows Sintana’s acquisition of Challenger Energy Group and is intended to provide liquidity for UK-based shareholders, while strengthening the company’s presence across multiple markets.
“Today’s admission to the AIM market of the London Stock Exchange is not only the culmination of our transformational acquisition of Challenger Energy Group and our related commitment to provide local liquidity to AIM-based shareholders, but also the setting of a new foundation for the combined group,” CEO Robert Bose told shareholders.
Sintana’s shares will continue to trade on the TSX Venture Exchange in Canada under the symbol “SEI” and on the OTCQX market in the United States under the symbol “SEUSF”.