Fresh blow to UK markets as CRH set to fully delist from London Stock Exchange
Building materials group CRH has revealed plans to delist entirely from the London Stock Exchange two-and-a-half years after it switched its main listing to New York in yet another knock to the UK markets.
The Dublin-based group said that as part of a review of its London Stock Exchange (LSE) listings, it has “carefully considered, among other factors, the level of trading activity for its ordinary shares on the LSE as well as the additional cost, regulatory and administrative obligations arising from retaining the LSE listings”.
It said it was “satisfied that it is in the best interests of CRH and its shareholders” to delist from the LSE, and cancel its preference share listing on the London market, with the latter set to be voted on by investors at its May AGM.
A raft of companies have ditched their primary listings in the UK, including Paddy Power owner Flutter and mining group BHP.
