Ann: Wellnex Raises $2m Placement and Update on LSE Dual Listing, page-4

I was going through some of the minimum listing requirements to be able to list on the London Stock Exchange and found an interesting key criteria that Wellnex have to meet

Number 1: To list on the main market (which is Wellnex's plan) as either a premium/standard listing, the minimum market capitalisation is £30million, which is $58.8M AUD, as can be seen below


The current market cap of Wellnex on the ASX is $39M (1,302,489,789 x .030)

For the ASX listing to match the minimum requirements of the LSE, the share price on the ASX would have to be 4.5/4.6c (1,302,489,789 x .045) = $58.6M

The company has outlined that they are 'well advanced' on a dual listing on the main board of the London Stock Exchange




An interesting couple of months coming up for WNX