Industry News by Nemesis

Signet to Delist Shares from LSE

February 16, 2016

Signet Jewelers Limited has announced that it has filed a voluntary application with the United Kingdom Financial Conduct Authority to delist its shares from the London Stock Exchange (LSE).


The company, the world’s largest retailer of diamond jewelry, said the intention to delist was as a result of the small volume its annual trading executed on the LSE – less than 1 percent. Signet performed a review of its stock exchange listings last year, finding that the total trades placed on the LSE in 2014 only amounted to about five days trading on US exchanges.


The last day of dealings in shares on the LSE will be March 14 and Signet shares will continue to be traded on the New York Stock Exchange (NYSE).


Source: Idex


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