Kingspan, led by chief executive Gene Murtagh, said in circular ahead of the egm that less than 2 per cent of the average volume of trading in its stock in the 12 months to June had been conducted on the London Stock Exchange. Photograph: Alan Betson/The Irish TimesShareholders in Kingspan have overwhelmingly backed a plan by the insulation manufacturer to drop its London Stock Exchange listing due to low share trading volumes through that bourse.
Some 98.4 per cent of shareholders that participated in a vote on the matter at an extraordinary general meeting on Thursday cast ballots in favour of the company’s plan to delist from the London Stock Exchange. The Cavan-based group will maintain the primary listing of its shares on the main market of Euronext Dublin. The shares will also remain tradeable on other European exchanges, such as CBOE Europe.
Kingspan, led by chief executive Gene Murtagh, said in circular ahead of the egm that less than 2 per cent of the average volume of trading in its stock in the 12 months to June had been conducted on the London Stock Exchange.
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