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Signet Plans to Delist from London Stock Exchange
Feb 16, 2016 10:33 AM
By Rapaport News
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RAPAPORT... Signet Jewelers announced it plans to delist
from the London Stock Exchange (LSE) because of a lack of liquidity for its shares on
the bourse and to streamline administration and cut costs associated with maintaining
two listings.
The U.S.-based jewelry retailer’s board
has “resolved” to apply for the cancellation of standard listing of common
shares on the LSE’s Main Market, according to a statement February 16.
The board reviewed the company’s stock-exchange listings
last year and found the total trades placed on the LSE in the whole of 2014 equaled
around five days of trading on U.S. exchanges. As a result, the board resolved to
delist the shares from trading on the LSE.
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Tags:
listing, london, London Stock Exchange, Rapaport News, shares, Signet Jewelers, u.k.
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