Potash junior Emmerson plc, Isle of Man’s, ordinary shares began trading on the AIM market of the London Stock Exchange (LSE) at 8:00 am (BST) on April 27. In conjunction with this, the company said its ordinary shares on “the Official List” and from trading on the LSE’s Main Market was canceled. Emmerson’s ordinary shares will continue to trade under the TIDM, or ticker “EML.”
Emmerson announced in early March its proposal to apply for admission to list on the LSE’s AIM market and cancel its listing on the exchange’s Main Market (GM March 5, p. 32). The company, which is focused on developing the Khemisset potash project in northern Morocco, said the AIM is more suited to the company’s current size and strategy, and will offer greater flexibility for corporate transactions.