Late last week, Ryanair gave notice of its intention to request the UK Financial Conduct Authority (FCA) to cancel the standard listing of the company's ordinary shares on the Official List of the FCA, and to request the London Stock Exchange to cancel the admission to trading of the Shares on the main market for listed securities.
Ryanair stated that the delisting decision was made since the low volume of trading on the LSE no longer justified the costs related to the listing and admission to trading, and therefore the company decided to “consolidate trading liquidity to one regulated market for the benefit of all shareholders”.
The cancellation of London Listing will become effective from 8.00 am (GMT) on 20 December 2021, and the last day of trading of the Shares on the London Stock Exchange would be 17 December 2021.
Following the Cancelation of the London Listing, Ryanair will continue to have a primary listing on the regulated market of Euronext Dublin, and its ADRs are listed on NASDAQ.