Ryanair confirms plan to delist from London Stock Exchange

Ryanair Holdings has confirmed plans to delist the Irish budget airline group from the UK Stock Exchange by Christmas.

The formal request to cancel the standard listing was made today to the  UK Financial Conduct Authority (FCA).

The Irish airline group will continue to have a primary listing in Dublin and on Nasdaq in the US.

The last day of trading in its shares in London would be on December 17, with the cancellation of the listing from December 20.

Ryanair said: “As indicated at our interim results, and following subsequent shareholder engagement, Ryanair has decided to request the cancellation of London listing as the volume of trading of the shares on the London Stock Exchange does not justify the costs related to such listing and admission to trading, and so as to consolidate trading liquidity to one regulated market for the benefit of all shareholders.”

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