Guinness maker Diageo plc has announced that it intends to submit applications for the delisting of its ordinary shares from each of Euronext Dublin and Euronext Paris.
A Decision Taken Following A Review
According to a statement published on Diageo.com, the drink's company's decision to delist was taken following a review of the trading volumes, costs and administrative requirements that are related to the company's listings on Euronext Paris and Euronext Dublin.
Subject To Approval
The delisting of Diageo's ordinary shares from Euronext Paris is subject to the approval of Euronext Paris's board of directors, while the delisting of Diageo's ordinary shares from Euronext Dublin is subject to Euronext Dublin's approval.
No Impact On Irish Or French Operations
The delistings will not have any impact on Diageo's day-to-day operations in either Ireland or France.
Expected Take-Effect-Dates
Diageo's delisting from Euronext Paris is expected to take effect on or around 26 May 2023, while the company's delisting from Euronext Dublin is expected to take effect on or around 30 May 2023, subject to the approval of Euronext Paris and Euronext Dublin, respectively.
No Impact On DGE Or DEO Listings
The Guinness maker's listings on the London Stock Exchange (DGE) and the New York Stock Exchange (DEO) will not be impacted by the delistings from Euronext Paris and Euronext Dublin.
Investors And Further Information
Investors whose shares are listed on Euronext Paris or Euronext Dublin are encouraged to consult with their own investment advisers about how they may be affected by the delistings. Further information about the delistings is available on Diageo.com.
Read More: Diageo Reserve World Class Cocktail Festival Coming To Ireland
© 2023 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.
