SSR Mining (ASX:SSR) to Exit ASX Listing Amid Low Trading Activity

2 min read | March 03, 2025 01:36 PM AEDT | By Team Kalkine Media

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SSR Mining (ASX:SSR) to Exit ASX Listing Amid Low Trading Activity — Image source: shutterstock

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Highlights

SSR Mining (ASX:SSR) to delist from ASX in April 2025 due to low trading volumes.

Shares will continue to be available on Nasdaq and TSX under (SSRM).

CDI holders have options to convert or sell holdings before delisting.

SSR Mining (ASX:SSR) has announced plans to withdraw its listing from the Australian Securities Exchange (ASX) due to limited trading activity. The company’s CHESS Depositary Interests (CDIs) will cease trading at the close of market on April 4, 2025, with the official delisting scheduled for April 8, 2025.

This move comes after an evaluation of trading patterns, revealing that ASX-listed CDIs represent only a small fraction of the total share capital. As of January 31, 2025, these CDIs accounted for approximately 1.74% of the company’s overall shares. Given the financial, regulatory, and administrative requirements associated with maintaining an ASX listing, SSR Mining (SSR) determined that continuing the listing was no longer justified.

Despite the ASX exit, the company’s shares will remain actively traded on the Nasdaq and Toronto Stock Exchange (TSX) under the ticker (SSRM). To assist CDI holders, the company has outlined multiple pathways, including converting CDIs into shares on North American exchanges or selling them before the delisting takes effect.

For those looking to transition their holdings, SSR Mining will provide a voluntary sale facility running from April 15 to June 17, 2025. Any remaining CDIs after this period will be subject to a compulsory sale process. Further details regarding these options will be shared with CDI holders in advance to ensure a smooth transition.

SSR Mining remains committed to its global mining operations, emphasizing its ongoing presence in the industry through its Nasdaq and TSX listings. The company will continue to provide updates and engage with investors via these platforms.

With this strategic adjustment, SSR Mining (SSR) aims to optimize its listing structure while maintaining strong communication with shareholders through its primary exchanges.

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