Linc Energy to delist

Company News

Linc Energy Limited (ASX:LNC) will seek shareholder approval to delist from the Australian Securities Exchange and request to list immediately on the Singapore Exchange.
 
Linc says the ASX has agreed to delist the company if shareholders approve and if the company provides terms of the ASX's decision to the market.
 
The company says Singapore is a rapidly emerging oil and gas hub and listing there would help unlock the value of its oil, gas and coal assets.
 
Linc says the Singapore listing would help it broaden its shareholder base and improve access to international investors.
 
Linc booked a net loss of $63.8 million in fiscal 2013.

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