LONDON: General Electric Company (operating as GE Aerospace) has taken significant steps toward simplification by requesting the cancellation of its ordinary shares’ listing on the London Stock Exchange (LSE). The move follows a comprehensive review of trading volume, costs, and administrative requirements associated with the LSE Listing.
As part of this process, the company has requested the UK Financial Conduct Authority (FCA) to cancel the listing of its shares on the standard listing segment of the Official List. Simultaneously, the LSE will cancel the admission to trading of General Electric’s shares on the main market for listed securities.
In addition to the LSE Delisting, General Electric is also delisting its shares from Euronext Paris and SIX Swiss Exchange. The relevant announcements were released on June 19, 2024, and are attached as appendices 1 and 2 to this announcement.
The LSE Delisting is expected to take effect from 8:00 a.m. (British Summer Time) on July 18, 2024. Consequently, the last date of trading for General Electric shares on the LSE will be July 17, 2024.
Despite the LSE Delisting, General Electric will maintain its primary listing on the New York Stock Exchange (NYSE).
Shareholders who hold CREST Depository Interests representing shares (CDIs) are advised to consult their investment advisors for guidance during this transition. The company remains committed to its strategic objectives and continues to evolve its global presence in the financial markets.