Diageo intends to submit applications for the delisting of its ordinary shares from both Euronext Dublin and Euronext Paris. The Guinness maker said the delistings will not have any impact on Diageo’s day-to-day operations in Ireland or France.
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.
It is anticipated that Diageo’s delisting from Euronext Dublin will take effect on or around 30 May 2023, and from Euronext Paris or around 26 May, subject to the approval of Euronext Paris and Euronext Dublin respectively.
The maker of Johnnie Walker whisky, Tanqueray gin and Don Julio tequila said in a statement that its 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.
It added that 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.