DRDGOLD said the listing of its shares on the Euronext market in Paris would be terminated after the European Central Banks Regulation decided to harmonise its settlement and Central Securities Depositary (CSD)Â requirements in 2017.
As a result, Euronext was instructed to close its links with South African shares via its French CSD, Euroclear. The CSDs have been transferred to a South African CSD. Trade in DRDGold CSDs historically comprise 0.2% of the total, the company said.
“For the avoidance of doubt, DRDGold’s primary listing on the JSE and second listing on the New York Stock Exchange, which is in American Depositary Receipts, remain unaffected by the termination,” the company said. Over-the-counter trade in the firm’s shares in Frankfurt, Berlin and Stuttgart also remained unaffected.
