Investing
Just Eat Takeaway to withdraw from London stock exchange, citing costs
Global Banking & Finance Review®
Company
PARIS (Reuters) – Netherlands-based food delivery company Just Eat Takeaway.com on Wednesday announced its plans to de-list its stock from the
PARIS (Reuters) – Netherlands-based food delivery company Just Eat Takeaway.com on Wednesday announced its plans to de-list its stock from the London stock exchange at the end of this year, the latest large company to withdraw from the bourse.
The step was aimed at reducing “the administrative burden, complexity and costs associated with the disclosure and regulatory requirements of maintaining the LSE listing… in the context of low liquidity and trading volumes”, the company said.
Just Eat shares will keep being traded on Amsterdam’s Euronext exchange, the company said, adding that it could proceed with the London de-listing without asking shareholders for approval.
Other big companies including travel giant TUI and Flutter Entertainment have also left London recently while others are considering such a move, facing pressure from investors following Brexit-related complications that have squeezed UK market valuations.
(Reporting by Tassilo Hummel, Editing by Louise Heavens)
The London Stock Exchange (LSE) is one of the largest stock exchanges in the world, where shares of publicly traded companies are bought and sold. It provides a platform for companies to raise capital and for investors to trade securities.
Market capitalisation is the total market value of a company's outstanding shares of stock. It is calculated by multiplying the current share price by the total number of shares outstanding, reflecting the company's size and value in the market.
Liquidity refers to how easily an asset can be converted into cash without affecting its market price. High liquidity means assets can be quickly bought or sold, while low liquidity can lead to price volatility.
Explore more articles in the Investing category
