JOHANNESBURG (miningweekly.com) − South Africa-based gold miner Harmony Gold has requested to be delisted from the LSE and the UK Official list, citing a lack of trading demand.

Harmony, which has a main listing in Johannesburg, said in a statement that it no longer saw any benefit in maintaining the listing.

The miner has been listed on the UK Official List since 1950 and expects the listing to be cancelled on January 13.

“Only a small amount of trading in the ordinary shares has been conducted on the LSE,” it stated.

Currently, shareholders holding about 0.19% of the total issued capital of Harmony Gold appear on the company’s UK register of members.

Following cancellation of the listing and the admission to trading in London, the UK register maintained by Capita Registrars will continue.

However, subject to putting the appropriate arrangements in place, shareholders will only be able to trade their shares on the JSE and in the form of American Depository Receipts on the NYSE.
 

To subscribe to Mining Weekly's print magazine email subscriptions@creamermedia.co.za or buy now.