Linde plc: Linde Completes Delisting from Frankfurt Stock Exchange

Rhea-AI Summary

WOKING, UK / ACCESSWIRE / March 1, 2023 / Linde (NYSE:LIN) announced the successful completion of its intercompany reorganization, resulting in the delisting of its shares from the Frankfurt Stock Exchange. Effective March 2, 2023, Linde plc will be traded exclusively on the New York Stock Exchange under the ticker 'LIN'. The company plans to apply to the Irish High Court for a capital reduction to create distributable reserves, with the hearing date to be disclosed on their website. In 2022, Linde generated sales of $33 billion and operates in various sectors including energy, healthcare, and manufacturing.

Positive

• Linde completed its intercompany reorganization, streamlining its listing to the New York Stock Exchange.
• The company reported sales of $33 billion in 2022, indicating strong market presence.

Negative

• The delisting from the Frankfurt Stock Exchange may limit European investor access.

WOKING, UK / ACCESSWIRE / March 1, 2023 / Linde (NYSE:LIN) announced today that it has completed its intercompany reorganization resulting in the delisting of its shares from the Frankfurt Stock Exchange.

As of March 2, 2023, the new holding company, "Linde plc", will be listed solely on the New York Stock Exchange and trade under the existing ticker "LIN".

Per the announcement of February 23, 2023, Linde will now apply to the Irish High Court for a capital reduction for the purposes of creating distributable reserves under Irish law. The date of that court hearing shall be published on Linde's website.

About Linde

Linde is a leading global industrial gases and engineering company with 2022 sales of $33 billion. We live our mission of making our world more productive every day by providing high-quality solutions, technologies and services which are making our customers more successful and helping to sustain, decarbonize and protect our planet.

The company serves a variety of end markets such as chemicals & energy, food & beverage, electronics, healthcare, manufacturing, metals and mining. Linde's industrial gases and technologies are used in countless applications including production of clean hydrogen and carbon capture systems critical to the energy transition, life-saving medical oxygen and high-purity & specialty gases for electronics. Linde also delivers state-of-the-art gas processing solutions to support customer expansion, efficiency improvements and emissions reductions.

For more information about the company and its products and services, please visit www.linde.com

Contacts:
Investor Relations Juan Pelaez Phone: +1 203 837 2213 Email: juan.pelaez@linde.com	Media Relations Anna Davies Phone: +44 1483 244705 Email: anna.davies@linde.com

SOURCE: Linde plc

View source version on accesswire.com:
https://www.accesswire.com/741424/Linde-plc-Linde-Completes-Delisting-from-Frankfurt-Stock-Exchange

FAQ

What recent changes did Linde announce regarding its stock listings?

Linde has completed its intercompany reorganization and is now solely listed on the New York Stock Exchange, having delisted from the Frankfurt Stock Exchange.

When will Linde's shares start trading exclusively on the NYSE?

Linde's shares will begin trading exclusively on the New York Stock Exchange as of March 2, 2023.

What is Linde's sales performance for 2022?

Linde reported sales of $33 billion for the year 2022.

Why is Linde applying to the Irish High Court?

Linde is applying for a capital reduction to create distributable reserves under Irish law.