The decision of Ryanair follows the announcement of the mining company Bhp
Ryanair prepares to greet the London Stock Exchange before Christmas. As announced in recent weeks, the carrier has confirmed that it will proceed with the delisting of its shares from the London Stock Exchange starting December 20. The Air company low cost reported having communicated his intention to request deletion from the Lse index at the Financial Conduct Authority of the United Kingdom, and that its last trading day on the City it will be December 17th.
The company will continue to have its primary listing on Euronext Dublin, with the American Depositary Receipts listed on Nasdaq. Ryanair had anticipated his intention to proceed with the delisting at the beginning of the month, on the occasion of the presentation of the results of the first half of the year, claiming to have considered the option as a consequence of Brexit.
The decision comes after a restriction of voting rights for the airline’s UK shareholders after the UK’s exit from the EU and follows the announcement of the mining company Bhp, which in August he said he wanted to abandoning the double quotation structure by choosing Sydney as the main listing. Monday’s decision of Royal Dutch Shell to eliminate the dual-category shareholding structure and move its headquarters in Great Britain from the Netherlands has renewed the focus on double prices, often criticized as being considered too complex and expensive.
The trading on Lse in terms of percentage of total trading volume it substantially decreased in 2021, the company had reported at the time, for this reason the board of directors was reconsidering the advantages of keeping the listing.
“Migration from Lse is consistent with a general trend for trading of shares in EU companies after Brexit and is potentially more significant to Ryanair due to the extension of the ban on the purchase of Ryanair common stock to UK citizens after Brexit, “the company said.
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