NEW YORK, May 25, 2018 (GLOBE NEWSWIRE) — Mercer International Inc. (Nasdaq:MERC) (TSX:MERC.U) (the “Company“) today announced that it has applied to voluntarily delist its common stock from the Toronto Stock Exchange (the “TSX“). Effective at the close of markets on June 11, 2018, the Company’s shares will no longer be traded on the TSX. The delisting will not affect the Company’s listing on the NASDAQ Global Select Market (“NASDAQ“).
Trading on the NASDAQ represents the vast majority of the Company’s trading volume. Given the relatively low trading volume of its shares on the TSX and the liquidity provided by the Company’s NASDAQ listing, the Company determined that the costs associated with maintaining a dual listing were no longer justified.
Upon completion of the delisting, Canadian shareholders will be able to continue to trade their shares through the NASDAQ and should contact their brokers or investment managers should they wish to do so.
The TSX has neither approved nor disapproved the information contained in this news release.
Mercer International Inc. is a global forest products company with operations in Germany and Canada with consolidated annual production capacity of 1.5 million tonnes of NBSK pulp and 550 million board feet of lumber. To obtain further information on the company, please visit its web site at http://www.mercerint.com.
Jimmy S.H. Lee
Executive Chairman of the Board
David M. Gandossi, FCPA, FCA
President and Chief Executive Officer