Ryanair to delist shares from the London Stock Exchange

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Yanair has confirmed plans to delist its shares from the London Stock Exchange in response to EU rules on ownership after Brexit.

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The Irish budget airline said it planned to apply to the authorities to cancel its listing on the main market in London “because the trading volume of shares on the London Stock Exchange does not justify the costs associated with such listing and entering into business.” holds.”

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Ryanair was the first to inform that it is considering delisting at the beginning of the month. The company said trading on the LSE as a percentage of its total share activity during 2021 “decreased materially”.

EU rules state that airlines are owned by EU citizens. Ryanair has a primary listing in Dublin and has asked some UK investors to sell shares this year to ensure it complies with post-Brexit regulations.

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Ryanair said it had spoken with shareholders about the removal of the plans since the statement at the beginning of the month. Europe’s largest budget carrier will continue its core listing in Dublin and Ryanair said the changes will “strengthen trading liquidity in a regulated market for the benefit of all shareholders.”

AJ Bell’s Director of Investments, Russ Mold, said: “For a business with a sharp focus on costs it appears that the expense of maintaining a UK listing is no more given the decline in trading volumes and That’s why Ryanair is planning a pre-Christmas getaway.

“If Shell’s decision to move to London was chalked up to a Brexit victory, it could in some quarters be described as a Brexit loss, with UK investors barred from buying their shares at the start of the year. after being installed.”

Delisting will take effect from 20 December in London.

The move is a setback for the London Stock Exchange. Ryanair is one of the largest airlines in the main market with a value of £18.4 billion.

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