REG - Just Eat Takeaway - Intention to delist from London Stock Exchange

Just Eat Takeaway.com NVAnnouncement

27/11/2024 07:00

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RNS Number : 7646N  Just Eat Takeaway.com N.V.  27 November 2024

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Amsterdam, 27 November 2024

Notice of intention to delist from the London Stock Exchange

 

Just Eat Takeaway.com listing venue update

 

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
(https://www.justeattakeaway.com/newsroom/en-WW/209624-just-eat-takeaway-com-listing-venue-update-delisting-from-nasdaq-intended-per-q1-2022-to-reduce-complexity-and-costs)
and 19 December 2022
(https://www.justeattakeaway.com/newsroom/en-WW/221226-just-eat-takeaway-com-transfer-to-a-standard-listing-on-the-lse)
, 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.

 

 

Just Eat Takeaway.com

Jitse Groen, CEO

Mayte Oosterveld, CFO

Joerg Gerbig, COO

Andrew Kenny, CCO

Investors:

Joris Wilton

E: IR@justeattakeaway.com (mailto:IR@justeattakeaway.com)

Media:

E: press@justeattakeaway.com (mailto:press@justeattakeaway.com)

 

For more information, please visit our corporate website:
https://www.justeattakeaway.com/ (https://www.justeattakeaway.com/)

Important notice

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.

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
(https://www.linkedin.com/company/just-eat-takeaway-com/mycompany/verification/)
and X (https://twitter.com/justeattakeaway) .

Disclaimer

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.

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