The takeaway platform confirmed in an announcement today (27 November) that its last date of trading on the LSE will be 24 December, with the delisting set to become effective on 27 December.
It comes after the Netherlands-based business carried out a review that considered the liquidity and trading volumes, as well as cost and administrative requirements related to its primary listing in Amsterdam and secondary listing in London.
As a result of that review, Just Eat says it has chosen to delist from the LSE in order to ‘reduce the administrative burden, complexity, and costs associated with the disclosure and regulatory requirements of maintaining its London listing’.
It also cited the context of low liquidity and trading volumes of the shares on the LSE.
Just Eat will maintain the primary listing of its shares on Euronext Amsterdam following the delisting from LSE.
The group added that the delisting is expected to have no impact for shareholders holding shares on Euronext Amsterdam.
Earlier this month, Just Eat announced that it had sold its US food delivery platform Grubhub to Wonder Group for $650m (£510m), little more than three years after acquiring the business for $7.3bn (£5.75bn).
It said the transaction will enable it to focus on investment in its strongest markets.
