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Ryanair may drop London listing as trading volumes drop post-Brexit -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – A general view of Ryanair’s logo, at its headquarters in Dublin (Ireland), September 16, 2021. REUTERS/Clodagh Kilcoyne

DUBLIN, (Reuters) – Ryanair stated Monday that it will consider delisting the London Stock Exchange because of a drop in trading volume this year due to British shareholders voting restrictions post Brexit.

Ryanair, a UK-based airline, announced that UK nationals will no longer have the right to buy ordinary shares. This was in line with all non EU nationals. This was done to make sure that Ryanair remains majority EU-owned, and maintain full licencing and flight rights within the bloc after Britain’s departure from the European Union.

Ryanair is listed as a primary on Euronext Dublin, and the American Depository Receipts are on U.S. Nasdaq. It downgraded its London listing in 2012 from a premium to a standard listing.

The airline released a statement regarding its financial results, which included the following: “The Board of Ryanair has been considering whether it is worth retaining the Standard Listing on the LSE.”

The statement stated that “the migration away from LSE coincides with a general trend in trading in shares EU corporations post Brexit.”

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