Ryanair Holdings plc no longer wants the shares to be traded on the London Stock Exchange. Therefore, an application was submitted to the UK Financial Conduct Authority, which is said to result in the delisting.
Ryanair justified the step with high costs, but behind it there is a Brexit problem that has plagued the carrier for a long time. The majority of the share capital must be in the hands of EU shareholders. Due to the withdrawal of the United Kingdom from the European Union, the UK is considered a third country.
Ryanair uses various methods to try to limit the influence of UK shareholders. Now they want to take the next step by withdrawing from the London Stock Exchange. According to the announcement, it is planned that the paper will no longer be available on the London Stock Exchange from December 20, 2021. The listing on the Dublin Stock Exchange is not affected.