Signet Jewelers Delisting From London Stock Exchange

Finance and Trade
16/02/2016 13:25

Signet Jewelers Limited, the world's largest retailer of diamond jewelry, is delisting its common shares from the London Stock Exchange, meaning it can only be traded on the New York Stock Exchange. Signet said it is taking the action because less than 1% of its annual trading volume is executed on the LSE. As a result, the benefit of LSE listing is outweighed by the cost, regulatory burdens, and time spent on LSE-driven activity. Shares will continue to be traded on the LSE until March 11, with cancelation taking effect on March 14.