Announcement
Obtala Resources Ltd : Membership of the Social Stock Exchange
RNS Number : 4572X
Obtala Resources Limited
01 September 2015
1st September 2015
Obtala Resources Limited
("Obtala" or the "Company")
(AIM: OBT)
Membership of the Social Stock Exchange
Obtala Resources Limited (AIM:OBT), the vertically integrated agricultural processing, farming, timber and retail company, is pleased to announce that the Company has been admitted as a member of the Social Stock Exchange ('SSX'), following the approval of its impact report by the SSX's independent Admissions Panel.
Social Impact Investing has evolved and grown significantly in recent years as many Investing Institutions and Funds have increased their investment levels in the sector due to a combination of the positive nature of the investment as well as proven superior economic returns when compared with other traditional investments
About the Social Stock Exchange
The Social Stock Exchange was launched in June 2013 by the UK Prime Minster at the first G8 Social Impact Investment Forum in London.
In January 2015, the SSX and ICAP Securities & Derivatives Exchange Limited announced their collaboration to launch a new market segment for Social Impact businesses, providing a central venue for impact opportunities in the UK and beyond. Member companies articulate and evidence their social and environmental credentials through the production of an independently assessed Impact Report, which is then ratified by an Admissions Panel comprised of finance and social sector experts.
Commenting on today's announcement, Kevin Milne, Executive Deputy Chairman of Obtala, said: "This is a significant event in the evolution of our Company, for our Shareholders and Customers. The Company has always striven to operate its businesses in Africa to the highest standards and with strong regards to working with and developing the communities and environment in which it operates. It is testament to all of our employees who continue to strive to maintain these standards and having the Social Stock Exchange and its Independent Admissions Panel validate this is extremely rewarding. Research shows that Companies who can evidence and focus on socially impactful practices do create longer term and more sustainable shareholder value creation than those who do not. We look forward to engaging with the many institutional investors who work with the Social Stock Exchange and have a mandate to invest in socially impactful companies such as Obtala. Typically these investors have a long term investment view in line with the businesses we are developing."
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Obtala Resources Kevin Milne - Executive Deputy Chairman |
+44 (0) 20 7099 1940
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+44 (0)20 7060 2220 |
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+44 (0)20 3463 5000 |
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+44 (0)20 7929 5599 |
This information is provided by RNS
The company news service from the London Stock Exchange
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