- Vulcan Energy Resources (VUL) files an application for a dual listing on the Frankfurt Stock Exchange (FSE)
- Once complete, Vulcan will become the first ASX-listed company to have a dual listing on the regulated market of the FSE
- The dual listing of the entire share capital of the company on the FSE will occur without an accompanying public offer and a private placement of shares
- Vulcan says the listing is slated for February 14, with trading expected to begin the following day under the trading symbol “VUL”
- VUL shares up 6.81 per cent to $9.73
Vulcan Energy Resources (VUL) shares rose after the company announced it had filed an application for a dual listing on the Frankfurt Stock Exchange (FSE).
The company said the FSE listing was expected to occur on Valentine’s Day and trading of the stock was set to commence on February 15 under the trading symbol VUL.
The dual listing of Vulcan’s entire share capital on the FSE will be carried out without an accompanying public offer and a private placement of shares.
Once admitted, Vulcan said it will be the first ASX-listed company to have a dual listing on the regulated market of the FSE.
The listing prospectus is scheduled to be published on February 11, subject to the approval of the German Federal Financial Supervisory Authority.
Vulcan Energy said it aims to become the world’s first integrated lithium chemicals and renewable geothermal energy producer with net zero greenhouse gas emissions via its Zero Carbon Lithium project.
It is looking to produce a battery-quality lithium hydroxide chemical product from its combined geothermal energy and lithium resource – which is Europe’s largest lithium resource – in Germany.
VUL shares were trading 6.81 per cent higher at $9.73 at 1:16 pm AEDT.