Wheaton Precious Metals' shares begin trading on London Stock Exchange
Wheaton Precious Metals’ entire issued share capital has been admitted to the Official List of the FCA (standard segment) and have begun trading on the London Stock Exchange's Main Market for listed securities.
Trading in the company's common shares have begun on the LSE under the ticker 'WPM'.
The company is not raising any funds in connection with admission and has 449,280,476 common shares of no par value in issue.
Canada-headquartered Wheaton – which has a market capitalisation of $22 billion (£17 billion) is a precious metals investment vehicle, which, since 2004, has developed a portfolio of “long-life, low-cost assets”.
Randy Smallwood, president and CEO of Wheaton said: "We are delighted to be celebrating Wheaton's London Stock Exchange listing, a pivotal moment in the company's journey. Our business model offers UK investors a unique and appealing opportunity to gain exposure to precious metals through one of the highest-quality portfolios of assets in the industry. We believe Wheaton is the best way to invest in the sector, and we are confident in the underlying market dynamics."
He added: "We would like to thank the London Stock Exchange for its warm welcome and our employees and shareholders who have supported us thus far; we look forward to their continued support as we commence the next phase of our growth strategy."
Bryan Cave Leighton Paisner LLP (BCLP) acted as Wheaton’s UK legal adviser. The BCLP team was led by Alexander Keepin, partner in the London corporate and finance transactions team and co-head of the mining and minerals sector, and included senior associate Tom Bacon and associates Lara Rush and Indi Heire.
Wheaton appointed Joh Berenberg, Gossler & Co KG and Peel Hunt LLP as joint UK corporate brokers and Tavistock Communications as its UK public relations adviser.
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