"The move from Austock to ASX is an important step for SFE," said Robert Elstone, CEO and MD of SFE Corporation Limited. "Firstly , it is consistent with the preference expressed by the SFE Board at the time of demutualisation to list once key elements of the SFE's strategy had been implemented. The listing should, over time, deliver increased liquidity in SFE stock and the financial flexibility normally associated with a company of our size. Importantly, it also represents a milestone and coming of age for the organisation, following two years of significant change and restructuring."
The listing on ASX follows a strong 2001 financial result with net profit after tax of $21.4 million, up $16.9 million from the previous year. The ASX code upon listing will be SFE.
SFE Corporation Limited (SFE) is a provider of exchange-traded and over-the-counter financial services for institutional investors globally. Fully electronic and with 24-hour trading capability, SFE offers trading products for investment and risk management and disseminates market data and information. SFE Clearing is the fully owned clearing and settlement arm of SFE Corporation Limited, and provides central counterparty clearing, central securities depository and cash settlement services. www.sfe.com.au
