(Alliance News) - Ryanair Holdings PLC has completed its delisting from the London Stock Exchange, it confirmed Monday.
The Dublin-based budget airline had blamed declining post-Brexit trading volumes for the move, when the decision was first announced last month.
In November, Ryanair explained: "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."
Ryanair retains a primary listing on the Euronext Dublin market and also has American depositary shares listed on the Nasdaq exchange in New York.
In December of last year, Ryanair confirmed that UK shareholders will have little or no say in the running of the airline. Ryanair at the time said it "must take steps" to ensure that it will remain majority EU owned and controlled following the end of the Brexit transition period.
With UK shareholders no longer resident in the EU, their voting rights needed to be restricted to keep within EU ownership rules.
By Will Paige; willpaige@alliancenews.com
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