LONDON–Yamana Gold Inc. (YRI.T), said Tuesday that it has requested the U.K Listing Authority to cancel the listing of the Company’s common shares of no par value on the U.K. Official List and to cancel the admission of the Common Shares to trading on the London Stock Exchange’s main market for listed securities.
-It is anticipated that the cancellation of the U.K. listing and of the admission of the Common Shares to trading on the London Stock Exchange will take effect on July. 30.
-Since listing on the U.K. Official List, only a small amount of trading in the Common Shares has been conducted on the London Stock Exchange and the Company’s principal trading platforms remain the Toronto Stock Exchange and the New York Stock Exchange, where it is also listed.
-Board considers that, relative to the high costs associated with being admitted to the U.K. Official List, there is no longer any significant benefit to the Company in maintaining the listing.
-Yamana Gold shares in London traded flat at 634.0 pence, valuing the company at GBP4.77 billion.
-Write to Razak Musah Baba at [email protected]