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Lapp Plats plc (“Lapp Plats” or “the Company”) was incorporated on 15 December 2003 promoted by Minmet plc (“Minmet”) with its primary activity being mineral exploration. In January 2004 the Company acquired from Minmet exclusive rights of access to platinum and nickel data contained in a geochemical database of some 140,000 targets covering Sweden, Norway and Ireland. Utilising the Database and data from the Geological Survey of Sweden, Lapp Plats concentrated its initial efforts in seeking platinum and nickel targets in Sweden. The Company raised £400,000 by way of a private placement with sophisticated investors in February 2004, thereby reducing Minmet’s shareholding in the Company to 58 per cent. Immediately following this private placement, the Company’s issued share capital commenced trading on the Ofex Market. In February 2005, Minmet disposed of its entire shareholding in the Company.
Lapp
Plats’ business and strategy is to develop its existing platinum and
nickel exploration portfolio and seek out acquisition and development opportunities
in the broader resource sector encompassing minerals, metals, oil and gas.
In May 2005 the Company transferred its trading facility for its Ordinary Shares from Ofex to AIM and IEX , the object being to raise the Company’s profile and visibility to current and potential shareholders and also within the resource industry and to make the Company’s shares more attractive for future equity fund raising and acquisitions, which may involve new Ordinary Shares being issued as consideration. CONTACTS |
Head Office
22 Grafton Street
London
W154EX
England
Mr M H Nolan
t +353 1 6613309
f +353 1 6613119
info@lapp-plats.com
:
www.lapp-plats.com | |
M H Nolan
B Barrett
Davy Corporate Finance Ltd
Computershare Investor Services plc (Ireland)
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REPORTS
Lapp Plats Annual Report 2006
Lapp Plats Annual Report 2005
Lapp Plats Annual Report 2004
Lapp Plats plc. Date of Incorporation 15 December 2003
Tel: + 353 1 6613309 Fax: + 353 1 6613119
Updated on the 1 August 2007. The information on this website is disclosed
for the purpose of Rule 26.
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