Ryanair Holdings PLC (LSE:RYA) has given formal notice of its intention to delist its share from the London Stock Exchange.
The last day of trading in London will be 17 December 2021, the airline added. The primary listing will then be on Euronext Dublin with ADRs listed on NASDAQ.
In a statement, Ryanair said the volume of trading of the London Stock Exchange did not justify the costs and consolidating trading liquidity to one regulated market would benefit all shareholders.
The Irish group had flagged its intention to cancel its LSE listing in its interim results at the start of November.
“The migration away from the LSE is consistent with a general trend for trading in shares of EU corporates post-Brexit and is, potentially, more acute for Ryanair as a result of the long-standing prohibition on non-EU citizens purchasing Ryanair's ordinary shares being extended to UK nationals following Brexit,” the company said.