Kingspan to Seek Shareholder Backing for London Delisting
- Company’s exit would be latest in slew from European exchanges
- Kingspan remains committed to primary Dublin listing
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Kingspan Group Plc plans to delist from the London Stock Exchange, marking another potential high-profile departure from the flagship UK market.
The board has reviewed Kingspan’s market presence and proposed to delist from the UK due to the “negligible” trading levels, if it obtains shareholder backing for the move, the company said in an earnings statement. “We remain committed to our primary listing on the main market of Euronext Dublin, where the majority of share trading takes place,” it added.