Gem Resources PLC (LSE:GEMR, FRA:UZS) has moved to shut down speculation that it plans to cancel its London listing and become a private company.
The mineral exploration and mining group, responding to market speculation, said no decision had been taken by its board to seek cancellation of its ordinary shares from the Equity Shares (Transition) category of the Official List or admission to trading on the Main Market of the London Stock Exchange.
“The company confirms that no such decision has been taken by the board and that there is no current intention to seek cancellation of the company's listing or admission to trading,” Gem Resources said.
Gem added that it continues to evaluate strategic and corporate opportunities in the ordinary course of business and will make further announcements when required.