Diageo PLC Announces Intention to Delist from Euronext Paris and Dublin
Diageo PLC has announced its intention to seek voluntary delistings from Euronext Paris and Euronext Dublin. This decision follows a review of trading volumes, costs, and administrative requirements related to these listings. The anticipated dates for the delistings are around May 26, 2023, for Euronext Paris and May 30, 2023, for Euronext Dublin, pending approval from the respective boards. Importantly, this move will not impact Diageo's operations in France or Ireland, nor will it affect its listings on the London Stock Exchange (DGE) or New York Stock Exchange (DEO). Investors are advised to consult with their investment advisers regarding potential impacts.
- No operational impact in France or Ireland from delistings.
- Continued listings on London Stock Exchange and New York Stock Exchange.
- Delisting may be perceived negatively by some investors.
- Increased operational focus on fewer exchanges could signal reduced trading liquidity.
DIAGEO PLC ANNOUNCES INTENTION TO SEEK VOLUNTARY DELISTINGS FROM EURONEXT PARIS AND EURONEXT DUBLIN
LONDON, UK / ACCESSWIRE / April 13, 2023 / Today, Diageo plc ("Diageo") announces that it intends to submit applications for the delisting of its ordinary shares (ISIN: GB0002374006) from each of Euronext Paris and Euronext Dublin.
The decision by Diageo to delist was taken following a review of the trading volumes, costs and administrative requirements related to its listings on Euronext Paris and Euronext Dublin.
The delisting of Diageo's ordinary shares from Euronext Paris is subject to the approval of the board of directors of Euronext Paris and the delisting of Diageo's ordinary shares from Euronext Dublin is subject to the approval of Euronext Dublin. The delistings will not have any impact on Diageo's day-to-day operations in France or Ireland.
It is anticipated that Diageo's delisting from Euronext Paris will take effect on or around 26 May 2023 and that Diageo's delisting from Euronext Dublin will take effect on or around 30 May 2023, subject to the approval of Euronext Paris and Euronext Dublin respectively.
Diageo's listings on the London Stock Exchange (DGE) and the New York Stock Exchange (DEO) will not be impacted by the delistings from Euronext Paris and Euronext Dublin.
Investors whose shares are listed on Euronext Paris or Euronext Dublin are encouraged to consult with their own investment advisers as to how the delistings may affect them. Additional information about the delistings can also be found on Diageo's website at www.diageo.com.
Further announcements will be made in due course as required.
Enquiries:
Media relations | +44 (0) 7803 856 200 |
Investor relations | |
Durga Doraisamy | +44 (0) 7902 126906 |
Andrew Ryan | +44 (0) 7803 854842 |
About Diageo
Diageo is a global leader in beverage alcohol with an outstanding collection of brands including Johnnie Walker, Crown Royal, J&B and Buchanan's whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Tanqueray and Guinness.
Diageo is a global company whose products are sold in more than 180 countries around the world. The company is listed on both the London Stock Exchange (DGE) and the New York Stock Exchange (DEO). For more information about Diageo, our people, our brands, and performance, visit us at www.diageo.com. Visit Diageo's global responsible drinking resource, www.DRINKiQ.com, for information, initiatives, and ways to share best practice.
LEI Number: 213800ZVIELEA55JMJ32
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SOURCE: Diageo PLC
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https://www.accesswire.com/749022/Diageo-PLC-Announces-Intention-to-Delist-from-Euronext-Paris-and-Dublin
FAQ
What impact will Diageo's delisting from Euronext have?
When will Diageo delist from Euronext Paris and Dublin?
Is Diageo still listed on other exchanges after the Euronext delistings?
Why is Diageo delisting from Euronext exchanges?
