Ryanair may drop London listing as trading volumes drop post-Brexit
DUBLIN, Nov 1 (Reuters) - Ryanair said on Monday it is considering delisting from the London Stock Exchange due to a fall in trading volumes this year after British shareholders' voting rights were restricted post-Brexit.
Ryanair announced in 2020 that UK nationals, like all other non-EU nationals, would from January 2021 no longer be permitted to acquire ordinary shares. The move was taken to ensure the airline remains majority EU-owned and retains full licensing and flight rights in the bloc now that Britain has left the European Union.
Ryanair has a primary listing on Euronext Dublin and its American Depository Receipts (ADRs) are listed on the U.S. Nasdaq. In 2012 it downgraded its London listing from a premium listing to a standard listing.
"The Board of Ryanair is now considering the merits of retaining the standard listing on the LSE," the airline said in a statement on the release of its financial results for the six months to the end of September.
"The migration away from the LSE is consistent with a general trend for trading in shares of EU corporates post Brexit," the statement said. (Reporting by Conor Humphries; Editing by Susan Fenton)
