Ryanair will delist from London Stock Exchange in post-Brexit snub

Ryanair will delist from the London Stock Exchange after trading closes on 17 December and will be listed soley on the Euronext Dublin Exchange.

Ryanair said today, “As indicated at our interim results, and following subsequent shareholder engagement, Ryanair has decided to request the cancellation of London listing as the volume of trading of the shares on the London Stock Exchange does not justify the costs related to such listing and admission to trading, and so as to consolidate trading liquidity to one regulated market for the benefit of all shareholders.”

At its results in early November, the airline said,“The migration away from the LSE is consistent with a general trend for trading in shares of EU corporates post Brexit and is, potentially, more acute for Ryanair as a result of the long-standing prohibition on non-EU citizens purchasing Ryanair’s ordinary
shares being extended to UK nationals following Brexit.”