The Warehouse has decided to delist from the Australian stock exchange following a review of the costs and benefits of retaining the ASX slot.
Following a trading halt on the ASX, The Warehouse said in a statement it had been given conditional approval to delist and would be removed on July 1.
Craigs Investment Partners broker Peter McIntyre said the costs of remaining on the ASX were likely to be the contributing factor to delisting, noting daily trades often numbered just two or three, and occasionally there were none.
The Warehouse said less than 2% of the company's share capital was held on its Australian register and there was a relatively low level of liquidity in trading in Warehouse shares on the ASX compared with trading on New Zealand stock exchange.
The Warehouse sold sold its Australian operations in 2005, following an unsuccessful foray across the Tasman.
Australian shareholders will have a facility to sell their shares on the NZX, but no less than three months before the July delisting, and after that, the company's Australian register would be transferred to its New Zealand register.
