Ryanair to withdraw from London Stock Exchange due to Brexit | Daily Express Online

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Ryanair to withdraw from London Stock Exchange following Brexit

Posted on: Saturday, November 20, 2021

By: AFP

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Credit: Jason Alden / Bloomberg.

LONDON: Ryanair is due to withdraw from the London Stock Exchange next month, the no-frills Irish airline said on Friday, amid high costs and falling trade volumes after London’s exit from the European Union. The airline, whose main listing is on Euronext Dublin, had already alluded to this decision in early November because of the fallout from Brexit. Britain officially left the European Union at the start of the year, causing London to lose its European equity swap crown to Amsterdam for most of 2021.

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Ryanair, whose last London listing day is December 17, added on Friday that it “will continue to have a primary listing on the Euronext Dublin regulated market, which offers shareholders the highest level of protection. “. On November 1, Ryanair said that “the migration out of the LSE is in line with a general trend of trading in shares of EU companies after Brexit”.

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