ICML puts restructuring, delisting on hold until…

After announcing that it intended to restructure its assets and consider delisting from the Stock Exchange of Mauritius, the Board of Infrastructure Commodities (Mauritius) Limited has now said that it will not go ahead with its plans, yet.

On July 6, 2021, ICML had asked shareholders to vote for the proposed distribution of the Company’s only asset namely Infrastructure Commodities Limited (ICML) to its Shareholders. 

Infrastructure Commodities (Mauritius) Limited (ICML) is a private equity company that focuses on investing in mining companies that explore, develop and produce commodities used in infrastructure development. 

In a new announcement dated July 15, 2021, the Board of ICML said the company will not restructure its assets or apply for the delisting of its shares on the SEM “until such time that its Audited Financial Statements for the year ended 31 December 2020 are published.”

Subsequent to the publication of the aforementioned accounts, the Board of Directors of the Company will circulate another set of resolutions to ICML’s Shareholders to seek their approval for the restructuring of Ithe Company’s assets and the delisting of its shares on the SEM.