Ryanair leaves the London Stock Exchange to follow Brexit rules

Irish low-cost airline Ryanair has decided to delist from the London stock exchange to comply with European Union rules after Brexit. Citing rule changes, high fees and the low number of shares being bought and sold, the Dublin-based airline says it will be listed exclusively on the Euronext Dublin exchange, with the last trading on the FTSE on December 17, 2021.

Until then, shares of Europe’s largest budget airline will trade in both Dublin and London. Ryanair says that due to the low number of shares being sold on the London stock exchange, the cost of being listed there does not justify the cost.

Ryanair says move will benefit shareholders

When we talk about exiting the London Stock Exchange, the Independent newspaper quotes Ryanair as saying:

“As indicated in our interim results, and following the subsequent involvement of shareholders, Ryanair has decided to request the delisting of its London listing, as the trading volume of its shares on the London Stock Exchange will reduce the costs associated with such listing and does not justify admission to trading. , and to consolidate trading liquidity into a single regulated market for the benefit of all shareholders.”

The airline had already discussed delisting in London earlier this month, with Brexit being an important factor in the decision-making process.

A low number of shares were trading in London

As a result of a low number of shares trading in early November, the airlines said:

“The LSE migration is in line with a general trend for EU company shares trading post-Brexit and may be more acute for Ryanair due to the long-standing ban on non-EU citizens from buying Ryanair common shares to buy will be extended to British nationals after Brexit.”

After the summer, Ryanair started selling about a million shares bought by non-EU nationals (mainly British) because of company leaders and Brexit. The airline has had a ban on non-EU citizens from buying shares in the airline since 2002.

Ryanair Christmas market fare sale

In other Ryanair-related news, the airline announced last week that it would be selling seats at some of Europe’s most popular Christmas markets. The budget airline said it was offering more than 100,000 seats for sale with prices starting at £16.99 one way.

To celebrate the holiday season and allow travelers to soak up the atmosphere at some of Europe’s best Christmas markets, Ryanair offers flights to the following European cities:

• Brussels
• Budapest,
• Prague
• Vienna

To book these super low rates, customers have until midnight Sunday, November 21, 2021; allowed until December 31, 2021.

Visitors can browse more than 120 stalls in Budapest as Vörösmarty Square comes alive with Christmas-inspired concerts and shows. The Christmas market on Place Sainte Catherine in Brussels offers delectable gourmet chocolates and other Belgian treats for visitors to take home. With its postcard beauty, Prague, the capital of the Czech Republic, is one of the best places to head in the run-up to the holidays with its locally produced mulled wine and grilled sausages. Last but not least is the glorious city of Vienna, Austria, where shoppers can browse more than 150 stalls in the shadow of City Hall.

What do you think of Ryanair’s delisting from the London stock exchange? Tell us your thoughts in the comments.