Diageo has announced that it will apply to delist its shares from Euronext Paris and Euronext Dublin. The drinks company cited the cost of trading volumes and administrative requirements related to the listings as reasons for delisting.
- The delisting of shares from Euronext Paris is subject to the approval of the board of directors, while the delisting of shares from Euronext Dublin is subject to the approval of Euronext Dublin.
- The delistings are not expected to impact Diageo's day-to-day operations in either Ireland or France.
- Delistings from Euronext Paris and Euronext Dublin will not affect Diageo's listings on the London Stock Exchange and the New York Stock Exchange.
- Investors whose shares are listed on Euronext Paris or Euronext Dublin are encouraged to consult their investment advisers to understand how the delisting may affect them.
