Janus Henderson, a global asset manager, decided to delist from the Australian Stock Exchange (ASX) on December 6, primarily due to the significantly low volume of its shares being traded on the local exchange.
Key Development: Delisting from the ASX
On December 6, Janus Henderson officially ceased trading on the Australian Securities Exchange (ASX). This strategic move was announced earlier, with the company citing a disproportionately small percentage of its total issued capital being traded locally.
Why the Delisting?
The primary driver behind Janus Henderson's decision to delist from the ASX was the declining liquidity and relevance of its Australian listing. Specifically, the company noted that:
- Low Trading Volume: A mere 5.5% of its total issued capital was being traded on the local Australian exchange.
- Strategic Realignment: As a global asset manager, maintaining an ASX listing became less efficient given the minimal local trading activity compared to its global operations. This move allows them to streamline their listing structure.
This decision reflects a company's assessment of where its shares are most actively traded and where it can best serve its global shareholder base.
Summary of Delisting Details
To provide a clear overview, here are the key details surrounding Janus Henderson's ASX delisting:
| Feature | Detail |
|---|---|
| Company | Janus Henderson (Global Asset Manager) |
| Exchange | Australian Stock Exchange (ASX) |
| Delisting Date | December 6 |
| Primary Reason | Decline in shares traded locally (5.5% of issued capital) |
| Source | Australian Financial Review (AFR) |
Broader Implications
For shareholders who held Janus Henderson shares on the ASX, the delisting means their shares would typically be converted to a primary listing on another exchange, such as the New York Stock Exchange (NYSE) or London Stock Exchange (LSE), where the majority of their trading occurs. This is a common practice for international companies seeking to optimize their market presence and reduce administrative burdens associated with multiple minor listings. The move underscores the company's focus on its larger, more liquid markets globally.
