Ryanair bids farewell to London Stock Exchange

Ryanair has bid farewell to the London Stock Exchange after earlier confirming plans to delist its shares due to EU rules on ownership post-Brexit. The airline applied to authorities to cancel its listing on the main market in London as “the volume of trading of the shares on the LSE does not justify the costs related to such listing and admission to trading”. It added that trading in the City had “reduced materially” as a percentage of its overall shares activity during the year. The company, which is Europe’s largest budget carrier, has a primary listing on the Euronext Dublin exchange, and has already made some of its investors in the UK sell shares to ensure it complies with the mandate since Brexit. While UK holders have been barred from buying Ryanair shares for some months, delisting will take effect in London from 20 December, with the last day of trading on 17 December.<br/>