Ryanair: goodbye to the London Stock Exchange

• Missed flight refunds, fine of 4.2 million for Ryanair

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01 November 2021 Ryanair, the Irish low-cost airline, is considering the definitive withdrawal from the London Stock Exchange, a farewell "consistent with the trend in trading in EU company shares after Brexit", the Group said in a statement. 

According to Europe's largest low-cost airline, "Euronext Dublin's primary listing on the regulated market offers shareholders the highest and highest degree of protection, including compliance with the UK Corporate Governance Code".

Ryanair is headquartered in Dublin and has its main operating base at London Stansted Airport. It operates over 2,000 routes and connects 33 European countries.

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which, according to the Irish company, is "potentially more acute for Ryanair following the extension to British citizens of the long-standing ban on non-EU citizens from buying its shares as a result of Brexit".

Hence the decision of the Board of Directors to "evaluate the effects of the withdrawal of the standard listing from the LSE". Lse- London Stock Exchange is the London Stock Exchange, ed. The Irish airline also reminds that its shares are traded on the Nasdaq through the Adr - American Deposit Receipts, the American Depositary Certificates which are shares issued by US financial institutions and traded on US stock exchanges but which represent shares of a foreign company. This means that they offer American investors an easy way to invest in potentially international companies.

Dublin offers all the guarantees to shareholders, explains Ryanair, which closed the half year with passengers more than doubled (+ 128%) to 39.1 million. Revenues jumped to 2.15 billion euros (+ 83%), the net loss fell to 48 million.

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of Ryanair's stock from London and its definitive withdrawal from LSE trading would be a major blow to London, which is seeking to strengthen its credentials as a global financial center capable of attracting and supporting international companies.

In 2020, Ryanair announced that citizens of Great Britain, like all other non-EU citizens, would no longer be allowed to buy common shares from January 2021.

Most of the trading in euro-denominated stocks moved overnight from London to Amsterdam after the UK left the European Union on 31 December 2020.