Just Eat ceases trading in London and alleges costs

The shares of Just Eat Takeaway.com, the Dutch food delivery giant, will stop trading on the London Stock Exchange as of December 27, while they will maintain their primary listing on Euronext Amsterdam, according to Europa Press.

The delivery company has made the decision to end dual trading of its shares in order to reduce the administrative burden, complexity and costs associated with the regulatory and disclosure requirements to maintain its listing. of London due to the low liquidity and trading volumes of its securities in the City.

In accordance with the regulations governing listings in the United Kingdom, voluntary exclusion from the London Stock Exchange must be notified at least 20 business days in advance, which is why it is expected to come into force “from 8:00 a.m.: 00 hours on December 27, 2024”, so that the last trading date for Just Eat Takeaway.com shares on the London stock market will be December 24, 2024.

“As the company is allocated to the secondary listing category of international equity trading companies on the Official List of the FCA (financial regulator), shareholder approval is not required for delisting from the London Stock Exchange.” , the company has indicated.

Following delisting from the London Stock Exchange, The multinational will maintain the primary listing of its shares on Euronext Amsterdam and expects that the delisting will not have any impact on shareholders who own shares in Euronext Amsterdam.

The company, formed in 2020 after the merger between the British Just Eat and the Dutch Takeaway.com, resigned in 2022 from trading its shares on the Nasdaq in the United States, limiting it from then on to the London and Amsterdam stock exchanges.