DP World to exit London Stock Exchange

Industry Database

DP World has announced plans to delist from the London Stock Exchange, claiming that only 1% of its trades are made through the UK’s exchange.

The Dubai-based operator will maintain its NASDAQ Dubai listing, where the remainder of its shares are held.

When DP World listed in London in 2011 it was to allow investors access to the company through an alternative stock exchange. However, today’s low level of trading on the LSE has prompted a re-think.

Additionally, in May 2014 the UAE was moved from frontier to emerging market status under the MSCI index classification system, which will help to attract more interest from international investors.

“Against this backdrop, the Directors believe that the Dubai listing is a sound base for DP World’s international shareholder base. As such, the Directors, and separately the independent directors of DP World, are of the view that there is no material benefit in maintaining the London listing,” said a statement.
Shareholders must approve the plan and an Extraordinary General Meeting has been called on December 18 2014 to rubber stamp the resolution.

Latest Jobs

Project Manager

A.P. Moller - Maersk is an integrated Transport and Logistics company with multiple brands and is a ... Read more

Digital Marketing Executive

We are looking for an experienced and talented Digital Marketing Executive to join our award winning... Read more

1 year placement - Civil Engineering (Ports and Maritime)

Graduates, interns and placements are key to the overall success of CH2M. We invest in initial caree... Read more

Marine Operations Manager

Here at British Steel we’re looking for passionate, hard-working, ambitious and dedicated people who... Read more

Media Sales Executive

We are looking for an experienced Sales Executive to join our award winning B2B media company. Merc... Read more

View all jobs