Unibail-Rodamco-Westfield (URW)
Can I get your thoughts on the upcoming voluntary delisting of URW. As a CDI holder we have been given information on the Delisting process and 4 Options available to us.
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Answer
Hi Murray,
Westfield (URW) as its usually referred to has announced its decision to voluntarily delist from the Australian Securities Exchange (ASX). The company received formal approval from the ASX on June 26, 2025, and the delisting is scheduled to take effect on August 27, 2025. Trading of its CHESS Depositary Interests (CDIs) on the ASX is expected to cease at the close of business on August 25, 2025 – so holders have a little time. The simplest of the two options available to holders are:
- Up until the closing date of the Voluntary Sale Facility, expected to be 3 November 2025), CDl holders will be able to request to convert their CDls into Shares. Those Shares will be listed on Euronext Paris.
- Or holders can simply sell the shares on the ASX up until August 25th.
