goldinvest de.- latest news about ATC, page-3

Shares of ATC on the frankfurt exchange traded today up to 0.15 euros per share (closed at 0.143). Volume is also increasing over the last trading days (523.000 shares changed hands to day, and a total of more than 3 million shares changed hands over the last 4 trading sessions).

Source :
https://markets.ft.com/data/equities/tearsheet/summary?s=A3Y:FRA

ATC management were smart to dual list in germany (announced 4 april 2017). The germans will be both financing (185M$ german export credit facility + german bank debt cover) and constructing (SMS Group) the HPA plant in Malaysia.

Listing in Frankfurt stock exchange will ensure more support of the project from both german banks and investors. It will also help the company raise more capital within europe with the upcoming equity raise following hopefully a successful german banks ecision regarding debt financing. Management ticked every box in 2017 in order to secure the debt financing from the germans. Lets hope coming 14 december (one week to go !) those efforts and astute decisions will bear fruits ! Saying that I am impressed with ATC management recent actions and decisions in 2017 would be an understatement ! Good luck to all !


Source :
Perth, April 4, 2017 AEST (ABN Newswire) - Altech Chemicals Limited (Altech/the Company) (ASX:ATC) is pleased to announce the dual listing of the Company's shares on the Frankfurt Stock Exchange. The Company's shares trade under the symbol "A3Y" on the exchange.

Highlights

- Dual listing of Altech shares on Frankfurt Stock Exchange

- Altech shares trade under the symbol "A3Y"

- Broadens Altech's European investor appeal, particularly in Germany

- Overcomes time zone issues for European retail investors

The Frankfurt Stock Exchange dual listing supports Altech's strategy to broaden its European investor base, particularly in Germany where there is growing interest in the Company's high purity alumina (HPA) project.

The Company's application for German export credit agency project finance cover, the high level of German and other European equipment for its proposed HPA plant and the appointment of a German engineering, procurement and construction (EPC) contractor for the project has heightened Altech's investment appeal for German and other European investors. Also, the Frankfurt Stock Exchange listing overcomes time difference and account issues for European retail investors.

As Altech's shares were already quoted on the Australian Securities Exchange (ASX), a Frankfurt Stock Exchange approved "like" exchange, the dual listing was possible without primary listing procedures such as the filing of a prospectus, consequently the listing was conducted at minimal cost.

The Frankfurt Stock Exchange is the world's third largest exchange-trading market as measured by trading volume, behind the New York Stock Exchange and NASDAQ. More than 50 percent of the total trades on the Frankfurt Stock Exchange are from investors located in countries outside of Germany.

http://www.abnnewswire.net/press/en...-Lists-on-Frankfurt-Stock-Exchange-87761.html