DRA Global Ltd. (AU:DRA) has released an update.
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DRA Global Ltd has announced plans to delist from the Australian Securities Exchange and the Johannesburg Stock Exchange, coupled with an off-market share buy-back program, pending shareholder approval. The company cites low trading volumes and the high costs of compliance and management time as reasons for delisting. Shareholders will be able to sell their shares back to the company before the delisting, with further details to be outlined in an upcoming shareholders’ meeting.
For further insights into AU:DRA stock, check out TipRanks’ Stock Analysis page.