Just Eat to delist from London Stock Exchange

Just Eat has given a notice of intention to delist from the London Stock Exchange in order to reduce the administrative burden, complexity and costs associated with the disclosure and regulatory requirements of maintaining the LSE listing.

It added that in the context of low liquidity and trading volumes of the shares on the LSE, it has requested that the FCA cancel the listing of the shares, and the LSE to cancel the admission to trading of the shares on the main market.

In accordance with UK Listing Rule 21.2.17R, the company is required to give at least 20 business days’ notice of the intended voluntary LSE Delisting.

Accordingly, it is intended that the LSE Delisting will become effective from 8:00 am on 27 December 2024, such that the last date of trading of the shares on the LSE will be 24 December 2024.

Following the delisting, the delivery group will now maintain its primary listing in Amsterdam, where the majority of trading volumes take place.

A Just Eat spokesperson told Catering Today: “As we deliver our strategy to accelerate growth, we have been looking at enhancing efficiencies and made the decision to delist from our secondary listing venue on the London Stock Exchange. The majority of our trading volumes happen at our primary listing venue on the Euronext Amsterdam.

“The UK continues to be a key market for us, home to many of our talented colleagues and our ever-expanding range of grocery and restaurant partnerships. With our network now covering 97% of the UK population, we remain committed to continuing our investment and cementing our leadership position in the country.”