The $6 billion fund manager Janus Henderson says a drop-off in trading activity has made its listing in Australia unviable.
Global asset manager Janus Henderson plans to de-list from the ASX on December 6, citing the decline in the shares traded on the local exchange to just 5.5 per cent of its issued capital.
“The board of directors of the company are of the view that the benefits to the company’s shareholders of maintaining the ASX listing no longer outweigh the financial, administrative and compliance obligations and cost,” it said in a statement. ASX shareholders will be able to convert their interest to NYSE shares in Janus Henderson, or sell their interest via the NYSE shares from December 13 to February 12.Any shares that are not sold or converted in that voluntary process, will be sold to other investors in a compulsory sale process starting from February 13.
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