DRA Global, a prominent multi-disciplinary engineering and project management firm, has made a strategic decision to delist from both the Australian Securities Exchange (ASX) and the Johannesburg Stock Exchange (JSE). The delisting from these primary and secondary exchanges comes after security holders approved the move, signaling the end of its trading on the ASX.

The company’s choice to delist from the ASX and JSE was announced in October, with the intention to conduct an off-market equal access share buy-back, contingent upon obtaining shareholder endorsements. The rationale behind this move includes the relatively low trading volumes of DRA Global’s shares on both exchanges, making it more beneficial for the company to operate without the financial, administrative, and compliance burdens associated with maintaining dual listings.

DRA Global has a robust track record, having successfully completed over 8,000 projects and studies in the mining, minerals, and metals processing sectors. The company also offers services in non-process infrastructure such as water and energy solutions, in addition to providing advisory, engineering, and project delivery services throughout the project lifecycle.

With operations spanning across various continents, including Africa, the Middle East, North and South America, and the Asia-Pacific region, DRA Global has established a significant presence in major mining hubs. The decision to delist from the ASX and JSE aligns with the company’s strategic objectives and is expected to streamline its operations while focusing on delivering value to its stakeholders.

The move to delist from these stock exchanges marks a pivotal moment for DRA Global, reflecting its commitment to optimizing its corporate structure and enhancing operational efficiency. As the company transitions away from the ASX and JSE, it aims to concentrate on its core business activities, further solidifying its position as a leading player in the global engineering and project management landscape.

In conclusion, DRA Global’s delisting from the ASX and JSE underscores its proactive approach to refining its corporate framework and aligning its operational priorities with long-term strategic goals. This strategic maneuver is anticipated to position the company for sustained growth and increased operational agility in the dynamic global marketplace.