Majestic Corporation - AQSE Only - Admission to Trading on AQSE
RNS Number : 2495E
Majestic Corporation PLC
10 March 2022
 

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10 March 2022

Majestic Corporation Plc

(the "Company" or "Majestic")

Admission to the AQSE Growth Market

Majestic Corporation Plc, a company recycling precious metals and non-ferrous metals from obsolete mechanical and industrial material is pleased to announce that dealings in its ordinary shares will commence on the AQSE Growth Market (AQSE) from 8:00 am today, 10 March 2022.

The shares will be traded under the ticker symbol MCJ and ISIN number GB00BN70W297.

The issued share capital of the Company on Admission comprises 20,000,000 ordinary shares.

Majestic is a profitable business recycling precious metals and non-ferrous metals from obsolete mechanical and industrial material including catalytic convertors, printed circuit boards, legacy electrical and electronic equipment (WEEE), and industrial metal residues left over from manufacturing.

The growth in Recyclable Materials means that there is both an environmental and commercial need to seek to re-use, recover and recycle these precious metals to lessen the impact of waste on the environment and to keep supply open when new resources are becoming harder and more expensive to develop. This places the Company in a strong position to further develop its market presence and develop the commercial re-use and recycling of these discarded materials.

Majestic's buy-side operations involve sourcing, collection, and processing Recyclable Material from around the world including the USA, Italy, Mexico, Australia and the UK. Sell-side operations focus on selling to refinery customers based in Japan who reconstitute the Recyclable Material for re-use in manufacturing.

In the year ended 31 December 2020, Majestic had revenue of over US$27m and recorded profit before tax of US$375k. In the 6 months to 30 June 2021 Majestic recorded turnover of US$15.5m and profits before tax of US$766k.

Comment;

Peter Lai, Chairman and CEO commented

"We are delighted with Majestic's successful admission to the AQSE Growth Market today. The listing is an important milestone in the Company's development.  I would like to thank our shareholders for their support and look forward to providing updates on our progress as our business develops."

For further information please contact:



Majestic Corporation Plc


Peter Lai (Chairman and CEO)

email: peter@majestic-corp.com



Guild Financial Advisory Ltd - AQSE Corporate Adviser


Ross Andrews

+44 7973839767

 

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