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). This move follows the company’s announcement in October of its intention to undergo an off-market equal access share buy-back, contingent upon receiving shareholder approval.

The delisting process from the ASX and JSE, scheduled to be finalized today, is a significant step for DRA Global. The decision was primarily motivated by the company’s assessment that the trading volume of its shares on both exchanges did not justify the associated financial, administrative, and compliance costs. By delisting, DRA Global aims to streamline its operations and focus on core business activities more efficiently.

DRA Global has an extensive track record of successfully delivering over 8,000 projects, studies, and management solutions within the mining, minerals, and metals processing sectors. The company also provides services related to non-process infrastructure such as water and energy solutions. Its expertise spans the entire project lifecycle, offering advisory, engineering, and project delivery services from conceptualization to operational phases, including ongoing maintenance and engineering support.

With a strong presence across major mining regions globally, including Africa, the Middle East, North and South America, and the Asia-Pacific, DRA Global has established itself as a key player in the industry. The company’s decision to delist from the ASX and JSE reflects its strategic realignment to enhance operational efficiency and refocus on core business objectives.

This move is expected to enable DRA Global to streamline its corporate structure, reduce regulatory burdens, and optimize resource allocation. By consolidating its listing status, the company aims to enhance its competitive positioning and drive sustainable growth in a dynamic market environment.

DRA Global’s delisting from the ASX and JSE underscores its commitment to adapt to evolving market conditions and prioritize value creation for its stakeholders. As the company transitions into a new phase post-delistment, it is poised to leverage its extensive industry experience and expertise to capitalize on emerging opportunities and drive continued success in the global mining and minerals processing landscape.