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African Energy to delist from Botswana exchange

By:  
Creamer Media Contributing Editor Online
 
COAL
ASX-lsited African Energy Resources (AER) on Friday said it would delist from the Botswana Stock Exchange (BSE), as it currently encompassed only 22 shareholders with less than 0.3% of its shares on issue. Listed since October 2011, AER’s directors believed that the administrative costs and related obligations associated with maintaining the BSE listing were no longer justifiable and shareholders in November voted in favour of a delisting.
 
 
 
 
 

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