GRUB - Just Eat Takeaway.com announces delisting from Nasdaq to reduce costs

Just Eat Takeaway.com (GRUB +0.3%) said Tuesday that it has notified Nasdaq of its plan to voluntarily delist its American Depositary Receipts (ADR) from the exchange. The online food delivery group has linked its decision to low trading volumes along with less proportion of its total shares held via ADR on Nasdaq (approximately 3.7%, which the company expects to decrease further overtime.) "Both the delisting and ultimately the deregistration are expected to create a substantial cost saving as well as a reduction in compliance requirements," the company statement. Last trading day of its ADRs is marked to come around the end of Q1 2022. However, the company’s ordinary shares will remain listed on Euronext Amsterdam and on the London Stock Exchange. Earlier (Jan. 13): Just Eat Takeaway gains amid report on potential Grubhub sale (update)

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Just Eat Takeaway.com announces delisting from Nasdaq to reduce costs