Simply Consume Takeaway to delist from London Book Trade in deplete to UK marketplace

Simply Consume Takeaway will delist from the London Book Trade upcoming future, in a deplete to the U.Okay.’s ambitions to draw extra high-growth tech corporations to its book marketplace.

Then finishing a evaluation of optimum checklist venues, the Anglo-Dutch meals supply company stated Wednesday that it intends to delist from London’s book alternate, making Amsterdam Simply Consume Takeaway.com’s sole buying and selling venue.

Explaining its determination, Simply Consume Takeaway stated it was once delisting its stocks from the LSE in a bid 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.”

It has asked that the LSE and the Monetary Behavior Authority, the U.Okay.’s markets watchdog, forbid its checklist, in order that it may possibly stay basically indexed at the Amsterdam alternate.

The delisting will change into efficient from 8 a.m London occasion on Dec. 27, future Dec. 24 will mark the extreme time of buying and selling of Simply Consume Takeaway’s stocks at the LSE.

Previous this future, Simply Consume Takeaway.com stated it will promote its GrubHub arm to Untouched York-based on-line takeout startup Marvel for $650 million — a plethora cut price in comparison to the $7.3 billion the company paid for the U.S. meals supply app.