Anglesey Mining PLC (LSE:AYM) has announced it will move its London listing from the London Stock Exchange’s main market to AIM.
It comes as the company is advancing the Parys Mountain mine project in North Wales.
“Anglesey Mining has a long history on the main board of the London Stock Exchange, having first listed in 1988,” chairman John F Kearney said.
“However, with the company’s current plans for the development of the Parys Mountain mine, the board of directors believes that moving to AIM will provide a more flexible regulatory regime, which is better suited to the company’s current stage of development and strategy.”
“The AIM market is now an internationally recognised market which has an established reputation for growth companies.
“We believe the proposed move to AIM is now appropriate and will ultimately provide Anglesey Mining with greater flexibility over corporate and financing transactions, and also provide potential tax benefits to investors.”