Ryanair Confirms LSE Delisting
November 19 2021 - 02:00AM
Dow Jones News
By Sabela Ojea
Ryanair Holdings PLC said Friday that it is delisting from the
London Stock Exchange, which is expected to become effective on
Dec. 20.
The low-cost carrier said it has given notice of its intention
to request to delist from the index to the U.K. Financial Conduct
Authority. Its last day of trading on the LSE will be Dec. 17.
The company will continue to have its primary listing on
Euronext Dublin, it said.
Ryanair said it was considering a delisting from the index as a
result of Brexit on Nov. 1, when it reported its results for the
first half of fiscal 2022.
"The migration away from the LSE is consistent with a general
trend for trading in shares of EU corporates post Brexit and is,
potentially, more acute for Ryanair as a result of the
long-standing prohibition on non-EU citizens purchasing Ryanair's
ordinary shares being extended to U.K. nationals following Brexit,"
the company said in early November.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
November 19, 2021 02:45 ET (07:45 GMT)
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