RNS Number : 6974Y
DJI Holdings PLC
03 December 2014
 



3 December 2014

 

DJI Holdings plc

 

DJI targets dual listing on Hong Kong or NASDAQ Stock Exchange

 

DJI Holdings plc (AIM: DJI, "the Group", "DJI"), a leading licensed and authorised provider of regulated lottery products in the Chinese lottery market, has taken a decision to pursue a listing of its shares on an additional stock market in 2015.

 

In response to investor discussions in both Hong Kong and the United States, DJI expects that a listing in either Hong Kong or the United States would provide the Group with access to a wider investor base and facilitate increased liquidity in its shares.

 

No decision has been taken whether to list in Hong Kong or the United States as a formal evaluation process is underway.  DJI expects to appoint advisors in the New Year and pursue this additional listing in 2015. 

 

It is not currently the Group's intention to issue any additional shares nor raise new funds in connection with the proposed additional listing.

 

Darren Mercer, Chief Executive Officer of DJI Holdings PLC, said:

 

"We're very enthusiastic about the prospect of listing our stock on another exchange. An additional listing will help to raise awareness of our business among investors in the US and throughout Asia.  

 

"It should also provide an opportunity for increased research coverage, greater liquidity for our shares and allow a larger base of interested investors to consider our stock alongside our peers operating in the fast growing Chinese lottery market."

 

For further information please contact:

 

DJI Holdings plc 

+44 (0) 1565 872990

Darren Mercer, Group Chief Executive

Rodney Davis, Chief Financial Officer




Instinctif Partners

+44 (0) 20 7457 2020

Adrian Duffield/Kay Larsen




Canaccord Genuity Limited (Nominated Advisor and Joint Broker)

+44 (0) 20 7523 8000 

Simon Bridges/Cameron Duncan




North Square Blue Oak Limited (Joint Broker)

Laurie Pinto/Richard Abrahams

+44 (0) 20 7024 4601

 

Note to editors

 

DJI's strategy is to capitalise on the rapidly expanding Chinese lottery market and the opportunity to deliver lottery ticket fulfilment sales to its substantial client base of large Chinese corporations (B2B) and individual consumers via the Group's owned and operated websites (B2C), within the online and mobile environment.

 

Through the Group's long-standing relationships with the Chinese regulators, portfolio of lottery contracts and reliable technology platform, the Group is well-positioned to capture the market opportunity.

 

The principal activities of the Group are the development, promotion and distribution of authorised lottery products in China. DJI's subsidiaries are licensed and/or contractually authorised to distribute and promote Sports and Welfare lottery products online, via mobile and through physical retail outlets across China.

 

The Group has a differentiated approach to the Chinese lottery market in that DJI operates throughout the promotion and distribution value chain. The Group offers:

·      front-end lottery ticket sales via websites owned and operated by the Group, third party websites, mobile applications and physical retail outlets; and

·      back-office lottery ticket fulfilment services to large online and offline

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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