BSP considers ASX listing: Constantinou
By: Post Courier
BANK South Pacfiic (BSP) confirmed yesterday it is currently exploring potential secondary listing on the Australian Securities Exchange (ASX).
The confirmation was from the BSP Group chairman Sir Kostas Constantinou.
Sir Kostas said the bank was aware of speculation regarding a potential secondary listing of BSP on the ASX.
“As previously announced to Port Moresby Stock Exchange (POMSoX), BSP has been assessing how it might improve the liquidity of its share register.
” In that context, BSP confirms that it is currently exploring a potential secondary listing on ASX (“Potential Listing”),” Sir Kostas said.
The chairman said timing and size of any offer under the Potential Listing, will depend on a number of factors within and outside BSP’s control, including prevailing market conditions and investor appetite.
“BSP will provide an update if and when there are any material developments,” Sir Kostas said.
The group chief executive officer (CEO) Robin Fleming last week told a news conference that the option had not been ruled out and that shareholders would be kept abreast with any latest developments.