Application for Admission to the Premium Listing Segment of the Official List
20
December
2010
Shaft Sinkers Holdings plc ("Shaft Sinkers" or the "Company", and together with its subsidiaries on Admission, the “Group”), the South African developer of vertical and decline shafts for underground mines and infrastructure, today announces the publication of a prospectus in relation to its application for admission to the premium listing segment of the Official List of the Financial Services Authority and to trading on the London Stock Exchange ("Admission"), in conjunction with a placing ("Placing") of 24,680,734 new Ordinary Shares at a placing price of 124p each, raising approximately £30.6 million (before expenses). Shaft Sinkers will have a market capitalisation of £58.9 million at the placing price on Admission on the basis of a total of 47,500,000 new Ordinary Shares in issue.
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