DRA Global, a prominent multi-disciplinary engineering and project management firm, has made a significant decision to delist from both the Australian Securities Exchange (ASX) and the Johannesburg Stock Exchange (JSE). This move comes after the company’s stakeholders voted to remove it from the official list of the ASX. The delisting process, set to be finalized today, is part of DRA Global’s strategic plan, which includes an off-market equal access share buy-back, pending the necessary shareholder approvals.

The company’s choice to delist from the primary ASX and secondary JSE exchanges is rooted in various factors, notably the limited trading activity of its shares on both platforms. DRA Global has expressed that the associated financial, administrative, and compliance responsibilities and expenses linked to maintaining dual listings are no longer deemed justifiable. The delisting process was contingent upon receiving shareholder endorsement for the share buy-back initiative.

DRA Global has a distinguished track record, having successfully executed over 8,000 projects across diverse sectors, including mining, minerals, metals processing, and non-process infrastructure like water and energy solutions. Additionally, the company provides advisory, engineering, and project delivery services throughout the project lifecycle, from conception to commissioning and ongoing maintenance. With a global presence, DRA Global operates in key mining regions worldwide, spanning Africa, the Middle East, North and South America, and the Asia-Pacific region.

This strategic move by DRA Global reflects its commitment to optimizing operational efficiency and streamlining its corporate structure. By consolidating its listings and focusing on core business operations, the company aims to enhance its competitiveness and better align with its long-term growth objectives. As a leading player in the engineering and project management space, DRA Global’s delisting from the ASX and JSE marks a significant development in its corporate trajectory.

In conclusion, DRA Global’s decision to delist from the ASX and JSE underscores its proactive approach to refining its corporate strategy and adapting to the evolving market dynamics. The company’s robust portfolio of projects and its extensive operational footprint position it as a key player in the global engineering and project management landscape. This strategic realignment is poised to reinforce DRA Global’s market position and drive sustained value creation for its stakeholders in the long term.