Just Eat Takeaway claimed it was delisting its shares from the London Stock Exchange as a result of the “low liquidity and trading volumes” of its shares on the exchange.
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Just Eat Takeaway will certainly delist from the London Stock Exchange following month, in a strike to the U.K.’s passions to draw in even more high-growth technology companies to its securities market.
After finishing a testimonial of ideal listing locations, the Anglo-Dutch food distribution company claimed Wednesday that it means to delist from London’s stock market, makingAmsterdam Just Eat Takeaway com’s single trading place.
Explaining its choice, Just Eat Takeaway claimed it was delisting its shares from the LSE in a proposal to “reduce the administrative burden, complexity and costs associated with the disclosure and regulatory requirements of maintaining the LSE listing, and in the context of low liquidity and trading volumes.”
Just Eat Takeaway shares slid 1.5% complying with the delisting statement.
It has actually asked for that the LSE and the Financial Conduct Authority, the U.K.’s markets guard dog, terminate its listing, to ensure that it can stay mostly detailed on the Amsterdam exchange.
The delisting will certainly come to be efficient from 8 a.m London time onDec 27, whileDec 24 will certainly note the last day of trading of Just Eat Takeaway’s shares on the LSE.
Earlier this month,Just Eat Takeaway com claimed it would certainly offer its GrubHub arm to New York- based on the internet takeout start-up Wonder for $650 million– a significant price cut contrasted to the $7.3 billion the company spent for the united state food distribution application.
