DRA Global Proposes Delisting and Share Buy-Back

DRA Global Ltd. (AU:DRA) has released an update.

DRA Global Ltd. invites shareholders to an extraordinary general meeting to decide on delisting from the ASX and JSE stock exchanges and to consider an off-market equal access share buy-back. The company’s directors suggest that the low liquidity of shares and the lack of necessity to raise capital make the costs and regulatory burdens of the listings unjustifiable. Shareholders will have the option to participate in the buy-back offer, which has been deemed fair by an independent expert opinion from Ernst & Young.

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