SSR Mining to Voluntarily Delist From ASX

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Printed Mar 02, 2025 • 10 minute learn

DENVER — SSR Mining Inc. (Nasdaq/TSX: SSRM, ASX: SSR) (“SSR Mining” or the “Firm”) pronounces that the Firm has requested and obtained formal approval from the Australian Securities Alternate (“ASX”) to be faraway from the official listing of ASX entities pursuant to ASX Itemizing Rule 17.11 (“Delisting”).

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The Firm expects that the Delisting will happen on 8 April, 2025. The Firm’s CHESS depositary pursuits (“CDIs”) will likely be suspended and stop to commerce on the ASX on the shut of commerce on 4 April, 2025.

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Following the Delisting from the ASX, the Firm’s frequent shares (“Shares”) will proceed to be traded on the Nasdaq and the Toronto Inventory Alternate (“TSX”) underneath the buying and selling image ‘SSRM’.

Causes for Delisting from the ASX

The Firm is looking for to delist from the ASX because of the rare and low volumes traded on the ASX as in comparison with that of the Nasdaq and the TSX. The CDIs held on the Australian register have declined to roughly 1.74% of the Firm’s whole issued share capital as of 31 January, 2025.

The Firm believes that the monetary, administrative and compliance obligations and prices related to sustaining the ASX itemizing are not in the most effective curiosity of its shareholders.

Proposed Timetable

Date	Occasion
3 March, 2025	Written communication is distributed to CDI Holders containing particulars of the Delisting and data on the choices accessible to CDI Holders The Firm suspends the power for brand new CDIs to be issued ¹
3 March, 2025 – 4 April, 2025	One month discover interval of Delisting
4 April, 2025 (Suspension Date)	Final day of buying and selling for CDIs on the ASX CDIs are suspended from official citation after shut of market buying and selling
8 April, 2025 (Delisting Date)	The Firm will likely be faraway from the official listing of ASX entities on the shut of market buying and selling
15 April, 2025	Opening date for Voluntary Sale Facility
17 June, 2025	Cut-off date for Voluntary Sale Facility
18 June, 2025	Opening date for Obligatory Sale Course of
21 July, 2025	Cut-off date for Obligatory Sale Course of

All dates and instances on this announcement confer with Australian Japanese Customary / Daylight Time (as relevant) and are topic to vary.

Delisting Situations

The ASX has offered its approval for SSR Mining to be faraway from the official listing of ASX entities topic to the Firm complying with sure situations as specified by the Appendix of this launch.

At this time, the Firm will ship a letter to every CDI Holder which units out an outline of the Delisting course of in addition to the next timetable and choices accessible to CDI holders.

SSR Mining is just not required to acquire safety holder approval for the Delisting.

Choices accessible to CDI Holders

CDI Holders could have the chance to:

(a) Convert CDIs into Shares, listed on TSX and Nasdaq

At any time up till the deadline of the Voluntary Sale Facility (17 June, 2025), CDI Holders might request to transform their CDIs to the Firm’s Shares, held on the North American share registers, on a 1:1 foundation.²

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Earlier than requesting to transform, CDI Holders ought to confirm if their present stockbroking preparations are appropriate to permit them to commerce Shares on TSX or Nasdaq. If CDI Holders want to convert their CDIs into Shares on or earlier than the Suspension Date (4 April, 2025), they might accomplish that by:

(for CHESS holders) submitting a request to their sponsoring CHESS participant to help with the conversion course of or convert the CHESS holding to issuer sponsored in order that the CDI Holder can observe the method for issuer sponsored holders under; or
(for issuer sponsored holders) finishing a CDI cancellation type and returning this (along with licensed identification documentation the place required) to the Firm’s Australian CDI registry, Computershare Investor Providers Pty Restricted (“Computershare”).

CDI Holders remaining as on the Delisting Date (8 April, 2025) will likely be despatched a personalised request type to permit them to transform their CDIs, if they need, into Shares up till the deadline of the Voluntary Sale Facility.

(b) Promote CDIs on the ASX

CDI Holders might promote their CDIs on the ASX at any time previous to the shut of buying and selling on the Suspension Date (4 April, 2025) by contacting their stockbroker or monetary advisor who can organize the sale. After the Suspension Date, CDI Holders will be unable to promote CDIs on the ASX.

(c) Take part within the Voluntary Sale Facility

Following Delisting, any remaining CDI Holders will likely be despatched an election type to allow them to elect to take part in a voluntary sale facility (“Voluntary Sale Facility”), via which their CDIs will likely be offered, by the dealer appointed by the Firm, within the type of Shares on the Nasdaq or TSX and the sale proceeds remitted to them in Australian {dollars} or New Zealand {dollars}. As well as, CDI Holders who want to obtain their proceeds in different currencies will be capable of enroll in World Wire (a global wire fee service offered by Computershare) to obtain the proceeds of their native forex. The Firm can pay all brokerage and any associated prices, levies or charges related to the sale of Shares on the Nasdaq or TSX in reference to the Voluntary Sale Facility.

(d) Obligatory Sale Course of

The ASX Settlement Working Guidelines grant CHESS Depositary Nominees Pty Restricted an influence of sale over any remaining underlying Shares.

Accordingly, after closure of the Voluntary Sale Facility, the Firm will set up a obligatory sale course of (“Obligatory Sale Course of”) to facilitate CHESS Depositary Nominees Pty Restricted exercising its energy of sale in respect of the underlying Shares held on behalf of any remaining CDI Holders. In different phrases, the Obligatory Sale Course of will function by default in respect of any remaining CDI Holders who haven’t requested to turn into the registered holder of the underlying Shares on the North American share registers.

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To facilitate the Obligatory Sale Course of, the Firm will appoint a dealer who will impact the sale of Shares on behalf of the CDI Holder on the Nasdaq or TSX and the sale proceeds will likely be remitted to the CDI Holder in Australian {dollars}, New Zealand {dollars} or by way of the World Wire service. The Firm can pay all brokerage and any associated prices, levies or charges related to the sale of Shares on the Nasdaq or TSX in reference to the Obligatory Sale Course of.

If the CDI Holder can’t be contacted, the proceeds will likely be handled in accordance with relevant unclaimed cash legal guidelines.

As famous above, CDI Holders will in the present day be despatched a letter which supplies additional particulars concerning the choices accessible to them regarding their CDIs and the Delisting course of.

Cures accessible to CDI Holders

A CDI Holder against the Delisting might apply to a court docket in British Columbia, Canada underneath the British Columbia Enterprise Companies Act (“BCBCA”) on the idea that the Delisting is oppressive or unfairly prejudicial to the CDI Holder, or group of CDI Holders. Beneath the BCBCA, the court docket has the facility to make any order it considers applicable, together with an order to ban the Delisting or to in any other case regulate the affairs of the Firm.

Penalties of Delisting

The primary consequence of the Firm’s Delisting for CDI Holders is that, from the time the Delisting takes impact, CDIs will not be quoted or traded on the ASX.

Until CDI Holders promote their CDIs earlier than Delisting happens, elect to take part within the Voluntary Sale Facility or request to turn into the registered holder of the underlying Shares on the North American share registers, the Shares underlying their CDIs will likely be offered, by default, pursuant to the Obligatory Sale Course of as described above.

If CDI Holders have any questions concerning the Delisting course of, please contact Computershare on 1 300 850 505 (inside Australia) or +61 3 9415 4000 (exterior Australia) between 8:30am and 5:00pm (Australian Japanese Customary / Daylight Time).

About SSR Mining

SSR Mining is listed underneath the ticker image SSRM on the Nasdaq and the TSX. The Firm expects to stay listed on the ASX underneath the ticker image SSR till market shut on April 7, 2025

Cautionary Observe Relating to Ahead-Trying Data and Statements:

Aside from statements of historic truth regarding us, sure statements contained on this information launch represent forward-looking info, future oriented monetary info, or monetary outlooks (collectively “forward-looking info”) throughout the which means of relevant securities legal guidelines. Ahead-looking info could also be contained on this doc and our different public filings. Ahead-looking info pertains to statements regarding our outlook and anticipated occasions or outcomes and, in some instances, might be recognized by terminology corresponding to “might”, “will”, “may”, “ought to”, “anticipate”, “plan”, “anticipate”, “consider”, “intend”, “estimate”, “initiatives”, “predict”, “potential”, “proceed” or different comparable expressions regarding issues that aren’t historic info.

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Ahead-looking info and statements on this information launch are based mostly on sure key expectations and assumptions made by us. Though we consider that the expectations and assumptions on which such forward-looking info and statements are based mostly are affordable, undue reliance shouldn’t be positioned on the forward-looking info and statements as a result of we may give no assurance that they’ll show to be right. Ahead-looking info and statements are topic to varied dangers and uncertainties which may trigger precise outcomes and expertise to vary materially from the anticipated outcomes or expectations expressed on this information launch.

Ahead-looking info and statements on this information launch embody any statements regarding, amongst different issues: forecasts and timing regarding the delisting of securities from the ASX; and any and all different timing, exploration, improvement, operational, monetary, budgetary, financial, authorized, social, environmental, regulatory, and political issues which will affect or be influenced by future occasions or situations.

The above listing is just not exhaustive of the components which will have an effect on any of the Firm’s forward-looking info. You shouldn’t place undue reliance on forward-looking info and statements. Ahead-looking info and statements are solely predictions based mostly on our present expectations and our projections about future occasions. Precise outcomes might fluctuate from such ahead trying info for a wide range of causes together with, however not restricted to, dangers and uncertainties disclosed in our filings on our web site at www.ssrmining.com, on SEDAR at www.sedarplus.ca, on EDGAR at www.sec.gov and on the ASX at www.asx.com.au and different unexpected occasions or circumstances. Aside from as required by legislation, we don’t intend, and undertake no obligation to replace any forward-looking info to mirror, amongst different issues, new info or future occasions. The knowledge contained on, or that could be accessed via, our web site is just not integrated by reference into, and isn’t part of, this doc.

Appendix – Delisting Situations

1.1		The Firm sends a written or digital communication in relation to the proposed delisting (the “CDI Communication”) to all holders of CHESS depositary pursuits (“CDIs”) of the Firm (“CDI Holders”) and launch an ASX announcement (in a type and substance passable to the ASX), setting out the next:

1.1.1		the nominated time and date at which the Firm will likely be suspended and subsequently faraway from the official listing of ASX, entities and that:
(a)		in the event that they want to promote their CDIs on the ASX, they need to accomplish that earlier than then; and
(b)		if they don’t, thereafter they’ll solely be capable of promote their frequent shares of the Firm (”Shares”) on-market on the Nasdaq Inventory Alternate (“Nasdaq”) or Toronto Inventory Alternate (“TSX”) after their CDIs are transformed to Shares;

1.1.2		the steps they have to take to request to transform their CDIs to Shares which might be in a position to be traded on the Nasdaq or TSX;

1.1.3		usually what they might want to do in the event that they want to elect to take part within the voluntary sale facility to be established by the Firm (‘Voluntary Sale Facility’) and promote their underlying Shares on the Nasdaq or TSX, together with that the Firm has organized, and can pay for, a dealer to impact the sale of their underlying Shares together with the delisting; and

1.1.4		the steps that will likely be undertaken by the Firm and CHESS Depositary Nominees if the CDI Holders don’t request to transform their CDIs to Shares or elect to take part within the Voluntary Sale Facility (particularly, the obligatory sale course of to be performed by the Firm); and

1.2		Delisting shouldn’t happen any sooner than one month after the CDI Communication has been despatched to CDI Holders.

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^{___________________________________}¹ The Firm has been granted a waiver of ASX Settlement Working Rule 13.9.9 to permit the Firm to droop the problem of recent CDIs through the interval commencing on the date of this announcement till the date the Firm is formally delisted from ASX.
² For simplicity, this announcement refers back to the skill of CDI Holders to request to turn into the registered holder of the underlying Shares on the Canadian share register as ‘conversion of CDIs into Shares’. For additional particulars, please confer with the CDI Communication.