Ryanair confirms it will no longer be listed on the London Stock Exchange.

24.11.21

Ryanair confirms it will no longer be listed on the London Stock Exchange.

Ryanair has confirmed that it will be delisted from the London Stock Exchange, citing high admission fees, low stock trading, and post-Brexit ownership rules as factors in its decision. The last day of the airline on the London Stock Exchange will be December 17, after which the company will be listed exclusively on the Euronext Dublin Stock Exchange in Ireland.

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Ryanair has confirmed that it will be delisted from the London Stock Exchange, citing high admission fees, low stock trading, and post-Brexit ownership rules as factors in its decision. The last day of the airline on the London Stock Exchange will be December 17, after which the company will be listed exclusively on the Euronext Dublin Stock Exchange in Ireland.Ryanair has been delisted from the London Stock Exchange (LSE) and the Brexit change has played a major role in the decision. The airline announced its intention to do so earlier in the year when it announced the results for the six months of 2021.
Ryanair states: Integration of transaction admission and transaction liquidity for the benefit of all shareholders in a regulated market. Ryanair's last trading day at
LSE is December 17th. The airline has notified the Financial Conduct Authority of the United Kingdom that it will be officially removed from the list at 8 am on December 20th.
Ryanair said the Brexit change played an important role in that decision. Photo: Getty Images Airlines cite changes in ownership and control rules after Brexit as a key factor in delisting. EU regulations require airlines to be owned by a majority of EU citizens, and Ryanair requires the sale of shares to comply with some UK investors.
This includes the sale of approximately 1 million shares in September purchased by non-EU investors, mainly in the UK, since January. Last month, Ryanair CEO Michael O'Leary announced that Brexit has reduced its EU stake in airlines to less than 50% as UK shareholders no longer belong to the EU. After delisting from the
LSE, Ryanair will only be listed on Ireland-based Euronext Dublin.
Ryanair said:
"After listing in London, the company will continue to be primarily listed on the Euronext Dublin regulated market, providing shareholders with the highest level of protection, including compliance with the UK Corporate Governance Code," said
Airlines. Low-level stock trading did not justify the cost of staying on the London Stock Exchange. Ryanair's stock fell 2.6% after the announcement of delisting from the
LSE. Ryanair is one of the largest airlines listed on the London Stock Exchange, with a valuation of approximately £ 18.4 billion ($ 24.5 billion). Sophie Lund Yates, Equity Analyst at
Hargreaves Lansdown, commented: The profits since the beginning of the pandemic have been recorded. The fleet is in good shape, as Simple Flying investigated earlier this month. Ryanair also quickly expanded its routes during the winter months, introducing 250 routes in just 31 days.

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24.11.21

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