Tethyan Resources PLC Change of Eligibility for Stamp Duty Exemption (8233P)
05 Septiembre 2017 - 1:01AM
UK Regulatory
TIDMTETH
RNS Number : 8233P
Tethyan Resources PLC
05 September 2017
Tethyan Resources plc
Change of Eligibility for Stamp Duty and Stamp Duty Reserve Tax
Exemption
Tethyan Resources plc ("Tethyan" or the "Company") announces
that when the Company's ordinary shares commence trading on the TSX
Venture Exchange on 6 September 2017 at the opening of that market
(as announced on 4 September 2017), the exemption from payment of
the 0.5% charge to Stamp Duty (Stamp Duty) and Stamp Duty Reserve
Tax (SDRT) that currently exists on transfers of the Company's
ordinary shares will no longer be available.
The exemption is available on transfers of a company's
securities that are admitted to trading on a Recognised Growth
Market (such as AIM) provided that the securities are not also
listed on a Recognised Stock Exchange (such as TSX-V). Therefore
once Tethyan's ordinary shares are listed on both AIM and TSX-V
they will become subject to the UK Stamp Duty and SDRT regime and
will no longer be eligible for the exemption.
For the Company's ordinary shares that are traded outside of
CREST, Stamp Duty would apply in the usual way and transferees
should liaise with HMRC to settle the 0.5% duty payable and stamp
the stock transfer forms evidencing transfers of the Company's
ordinary shares.
For the Company's ordinary shares that are traded through CREST,
the 0.5% SDRT charge would be collected from the transferees
through CREST on any transfers of the Company's ordinary
shares.
For further information please contact:
Tethyan Resources
PLC +44 1534 881 885
Peter Mullens pjm@tethyan-resources.com
(CEO)
Cairn Financial Advisers LLP (Nominated Adviser)
James Caithie / Sandy Jamieson +44 207 213 0880
About Tethyan
Tethyan is incorporated in England & Wales (company
registration number 3781581) and is a gold and copper mineral
exploration company. Tethyan listed on AIM (TETH.L) in 2004.
Exploration is conducted in the Tethyan Belt of Eastern Europe, in
particular Serbia where we are acquiring a portfolio of quality
precious and base metals projects with known mineralisation and
compelling drill targets.
Sustainability is paramount to all Tethyan's activities. The
long-term success of Tethyan is connected to our ability to operate
in a socially and environmentally responsible way. We are committed
to proactively implement sustainable health, safety and
environmental management, as well as engage with local communities
and all stakeholders. Tethyan's business philosophy is to adhere to
good international best practice (GIIP) and implement the highest
standards of corporate governance.
More information can be found on our website:
www.tethyan-resources.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCSSDSIIFWSEIU
(END) Dow Jones Newswires
September 05, 2017 02:01 ET (06:01 GMT)
Tethyan Res (LSE:TETH)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Tethyan Res (LSE:TETH)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024