Just Eat Takeaway.com N.V. (LSE: JET, AMS: TKWY), hereinafter the “Company”, or together with its group companies “Just Eat Takeaway.com”, one of the world’s largest online food delivery groups, is providing a further update in relation to its review of listing venues.
The Company refers to its ordinary shares (ISIN: NL0012015705) (the "Shares"), which are admitted to listing on the equity shares international commercial companies secondary listing category of the Official List of the Financial Conduct Authority (the "FCA") and to trading on the main market for listed securities of the London Stock Exchange (the "LSE"), trading and settling as CREST Depository Interests representing Shares (“CDIs”).
Further to its previous announcements on 8 February 2022 and 19 December 2022, the Company has recommenced and continued its review to determine optimal listing venues. As part of this review, the Company has considered, amongst other things, the liquidity and trading volumes, as well as cost and administrative requirements related to its primary listing in Amsterdam and secondary listing in London.
Following this review, the Company hereby gives notice that, in order to reduce the administrative burden, complexity and costs associated with the disclosure and regulatory requirements of maintaining the LSE listing, and in the context of low liquidity and trading volumes of the Shares on the LSE, it has requested that (i) the FCA cancel the listing of the Shares on the equity shares international commercial companies secondary listing category of the Official List of the FCA, and (ii) the LSE cancel the admission to trading of the Shares on the main market for listed securities of the LSE (collectively, the "LSE Delisting").
In accordance with UK Listing Rule 21.2.17R, the Company is required to give at least 20 business days' notice of the intended voluntary LSE Delisting. Accordingly, it is intended that the LSE Delisting will become effective from 8:00 a.m. on 27 December 2024, such that the last date of trading of the Shares on the LSE will be 24 December 2024.
Following the LSE Delisting, (i) it will no longer be possible to trade Shares on the LSE, and (ii) the Company will maintain the primary listing of its Shares on Euronext Amsterdam. The LSE Delisting is expected to have no impact for shareholders who hold their Shares on Euronext Amsterdam.
Shareholders who hold CDIs are urged to consult their own investment advisers and brokers on the actions that can be taken in respect of their holdings of CDIs, including the necessary steps and actions required to convert their holdings of CDIs into holdings of Shares that can be traded directly on Euronext Amsterdam. Shareholders who hold CDIs through the Corporate Sponsored Nominee service (“CSN”) are advised that the CSN will continue to operate and be administered by Equiniti Financial Services Limited, who will provide an update in their next quarterly statement.
As the Company is assigned to the equity shares international commercial companies secondary listing category of the Official List of the FCA, no shareholder approval is required for the LSE Delisting.
This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities whether pursuant to this announcement or otherwise.
Statements included in this press release that are not historical facts (including any statements concerning investment objectives, other plans and objectives of management for future operations or economic performance, or assumptions or forecasts related thereto) are, or may be deemed to be, forward-looking statements, including "forward-looking statements". These forward-looking statements may be identified by the use of forward-looking terminology, including the terms "anticipates", "expects", "intends", "may", or "will" or, in each case, their negative or other variations or comparable terminology, or, by discussions of strategy, plans, objectives, goals, future events or intentions. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements reflect the Company's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Company’s business, results of operations, financial position, liquidity, prospects, growth or strategies. Past performance is no guide to future performance and persons needing advice should consult an independent financial adviser. Forward-looking statements reflect knowledge and information available at, and speak only as of, the date they are made, and the Company expressly disclaims any obligation or undertaking to update, review or revise any forward-looking statement contained in this press release. Readers are cautioned not to place undue reliance on such forward-looking statements.
About Just Eat Takeaway.com
Just Eat Takeaway.com (LSE: JET, AMS: TKWY) is one of the world’s leading global online food delivery companies.
Headquartered in Amsterdam, the Company is focused on connecting consumers and Partners through its platforms. With 731,000 connected Partners, Just Eat Takeaway.com offers consumers a wide variety of choices from restaurants to retail.
Just Eat Takeaway.com has rapidly grown to become a leading online food delivery marketplace with operations in Australia, Austria, Belgium, Bulgaria, Canada, Denmark, France, Germany, Ireland, Israel, Italy, Luxembourg, Poland, Slovakia, Spain, Switzerland, the Netherlands, the United Kingdom and the United States.
Most recent information is available on our corporate website and follow us on LinkedIn and X.
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