Just Eat Takeaway to withdraw from London stock exchange, citing costs

Just Eat Takeaway.com NV

27/11/2024 08:14

PARIS, Nov 27 (Reuters) - Netherlands-based food
delivery company Just Eat Takeaway.com  TKWY.AS  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  TUI1n.DE 
and Flutter Entertainment  FLTRF.L  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)
 ((tassilo.hummel@thomsonreuters.com ; Twitter handle:
@tassilo_hummel;))