Perth, Western Australia. Troy Resources NL (“Troy”) (ASX & TSX:TRY) is pleased to report it will be included in the S&P/ASX 300 Index with effect from the close of trade on 18 September 2009.
Standard & Poor’s Index Services, the leading provider of equity indices in Australia, announced Troy’s inclusion in the ASX300 Index in a statement on 4 September. They noted: “Both the S&P/ASX 200 and the S&P/ASX 300, together with component indices are reviewed as part of the September quarterly rebalance. The quarterly rebalance considers the aggregate market capitalisation and liquidity of stocks for the preceding 6-months of 2009 as a basis for eligibility.”
Commenting on the announcement Troy’s CEO Paul Benson said: “This is an important achievement for Troy, and one that reflects the 340% increase in Troy’s share price since the lows of November 2008 during the depths of the Global Financial Crisis.
“This is a significant milestone in Troy’s growth trajectory and a clear indicator to our shareholders that the growth strategy embarked upon by the Board and Management is on target. Today Troy has the largest Reserve and Resource base, and the longest forecast production profile in the Company’s 25-year history.
“Our entry into the ranks of Australia’s top 300 companies will also serve to raise the profile of Troy within a wider audience of potential investors.”
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