Johannesburg, Dec 12 (I-Net Bridge) - Harmony Gold Mining (HAR), SA's third largest gold producer, on Monday said it was streamlining its listings by cancelling the listing of its shares in the UK.
The company said it has requested the UK Financial Services Authority to cancel the listing of its ordinary shares of 50 cents each on the UK Official List and to cancel the admission of the ordinary shares to trading on the London Stock Exchange's (LSE) market for listed securities.
It is expected that the cancellation of the UK listing and of the admission of the ordinary shares to trading on the LSE would take effect from the start of trade on January 13.
"Only a small amount of trading in the ordinary shares has been conducted on the LSE and the company therefore considered that there is no longer any benefit in maintaining the LSE listing," Harmony said in a statement.
The ordinary shares have been listed on the UK Official List since December 1950.
Currently, shareholders holding about only 0.19% of the total issued capital of the company appear on the Company's UK register of members.
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