Golden Prospect Precious Metals (GPM), the £83.5m mining fund that completed its switch from CQS Manulife to Baker Steel this month, expects to move from Guernsey to the Main Market of the London Stock Exchange on 30 October. A prospectus for the move that was announced in July will be published on 27 October. The listing on Guernsey’s International Stock Exchange will be cancelled on 20 November. Shareholders are not required to take any action.
The company, which allows shareholders to subscribe for one new share for every five they own on 30 November each year, has adjusted the price of its fourth subscription rights offer. Reflecting the 1.77p per dividend being paid tomorrow, the price has been lowered to 101.35p from 103.12p.
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