- Amaroq Ltd. Npv (DI)
- 18 February 2026 09:57:21
Source: Sharecast
The Greenland-focused mine development company, which is currently listed on AIM, the TSX-V, Nasdaq Iceland and OTCQX, said its shares in the form of depositary interests would continue to trade on AIM, Nasdaq Iceland and OTCQX following the Canadian delisting.
It said that since securing secondary listings on AIM and Nasdaq Iceland, daily trading activity in Canada had represented a comparatively low proportion of overall volumes.
As a result of the relatively low trading volumes, it said it believed that the financial costs and administrative requirements associated with maintaining its TSX-V listing were no longer justified.
Shareholder approval was not required for the delisting because the company’s shares would continue to trade on AIM and Nasdaq Iceland, which are deemed satisfactory alternative markets under TSX-V rules.
Amaroq added that it intended to maintain CDS eligibility for its shares until 30 April to allow Canadian shareholders time to complete any necessary transfers.
Separately, Amaroq confirmed it intended to upgrade its London listing to the Main Market for listed securities, including a listing in the equity shares (commercial companies) category of the Financial Conduct Authority’s Official List, and to cancel trading on AIM.
The company said it had appointed Citigroup Global Markets as sponsor and financial adviser for the process and expected to complete the transition in 2026.
Amaroq said that as the size and scale of the business had grown, “it has become apparent that, to access the next tier of institutional support and index funds, the LSE Main Market is the most appropriate market for the company, alongside Nasdaq Iceland.”
The proposed move was intended to enhance liquidity and broaden the company’s investor base.
Despite the planned delisting from the TSX-V, Amaroq said it would remain subject to ongoing disclosure and other obligations as a reporting issuer under applicable Canadian securities legislation.
At 0925 GMT, shares in Amaroq were up 0.45% at 112p.
Reporting by Josh White for Sharecast.com.
