Connect with us


Ryanair (RYA) to leave London Stock Exchange for cost reasons




The Irish low cost airline Ryanair has confirmed it will delist its London shares in December.

Ryanair, which operates as an airline group with a UK subsidiary, said the volume of its shares traded on the London Stock Exchange (LSE) did not justify the costs associated with listing.

He said he would continue to maintain his main listing on Euronext Dublin, which he said would “benefit all shareholders”.

The company is required to give 20 working days’ notice before delisting and has said its last day of listing will be December 17.

Brexit factor

Although he did not mention Brexit in today’s notice, Ryanair executives have previously said it will be a key factor in his decision to leave London.

In a presentation of the results last month, Group CFO Neil Sorahan noted: “Like many Irish companies, we have noticed that trade on the London line has declined considerably.

“In our case, this was probably accentuated by the fact that from January 1, after Brexit, UK shareholders are now considered non-European and are not allowed to buy Ryanair ordinary shares. So the board thinks it’s probably time to see if we profit from a London listing.

Ryanair has a long history limitation on shareholding, which means that third country nationals can only buy restricted shares.

Brexit has brought EU ownership of the group below 50%, the level it needs to retain full license and theft rights in the bloc. This led Ryanair to initiate the forced sale of around one million shares held by third country nationals, mostly UK investors.

The loss of London?

The move comes amid a debate over whether the LSE has lost its appeal to global businesses and investors, with critics pointing to the lack of dynamic start-ups choosing the market.

Earlier this month, the managing director of online retail platform THG noted listing in London had “failed from start to finish” and he regretted choosing New York.

In August, mining giant BHP announced that it would end its dual-listed company structure by swapping UK stocks for shares of Australian Limited.

However, the LSE was boosted this week by news that oil major Shell would move to a single-share structure in London and move its UK headquarters and tax residence from the Netherlands.

Russ Mold, chief investment officer of AJ Bell, said: “If Shell’s decision to pivot to London was seen as a Brexit victory, [Ryanair’s decision] is likely to be characterized as a Brexit loss in some quarters, after restrictions were introduced on UK investors buying its shares at the start of the year. “

Read more: Ryanair posts quarterly profit for the first time since Covid

Ready to start?


Capital Com is an execution-only service provider. The material provided on this website is for informational purposes only and should not be construed as investment advice. Any opinion that may be provided on this page does not constitute a recommendation of Capital Com or its agents. We make no representations or warranties about the accuracy or completeness of the information provided on this page. If you rely on the information on this page, you do so entirely at your own risk.




The mention sources can contact us to remove/changing this article

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos


to request, modification Contact us at Here or [email protected]