NOT
FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN,
INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH
JURISDICTION.
Amsterdam, 27 November 2024
Notice of intention to delist from the London Stock
Exchange
Just Eat Takeaway.com listing venue update
Just Eat Takeaway.com N.V. (LSE: JET, AMS: TKWY), hereinafter
the "Company", or together with its group companies "Just Eat
Takeaway.com", one of the world's largest online food delivery
groups, is providing a further update in relation to its review of
listing venues.
The Company refers to its ordinary
shares (ISIN: NL0012015705) (the "Shares"), which are admitted to
listing on the equity shares international commercial companies
secondary listing category of the Official List of the Financial
Conduct Authority (the "FCA") and to trading on the main
market for listed securities of the London Stock Exchange (the
"LSE"), trading and
settling as CREST Depository Interests representing Shares
("CDIs").
Further to its previous
announcements on
8 February 2022 and
19 December 2022, the Company
has recommenced and continued its review to determine optimal
listing venues. As part of this review, the Company has considered,
amongst other things, the liquidity and trading volumes, as well as
cost and administrative requirements related to its primary listing
in Amsterdam and secondary listing in London.
Following this review, the Company
hereby gives notice that, in order 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 of the Shares on the
LSE, it has requested that (i) the FCA cancel the listing of the
Shares on the equity shares international commercial companies
secondary listing category of the Official List of the FCA, and
(ii) the LSE cancel the admission to trading of the Shares on the
main market for listed securities of the LSE (collectively, the
"LSE
Delisting").
In accordance with UK Listing Rule
21.2.17R, the Company is required to give at least 20 business
days' notice of the intended voluntary LSE Delisting. Accordingly,
it is intended that the LSE Delisting will become effective from
8:00 a.m. on 27 December 2024, such that the last date of trading
of the Shares on the LSE will be 24 December 2024.
Following the LSE Delisting, (i) it
will no longer be possible to trade Shares on the LSE, and (ii) the
Company will maintain the primary listing of its Shares on Euronext
Amsterdam. The LSE Delisting is expected to have no impact for
shareholders who hold their Shares on Euronext
Amsterdam.
Shareholders who hold CDIs are urged
to consult their own investment advisers and brokers on the actions
that can be taken in respect of their holdings of CDIs, including
the necessary steps and actions required to convert their holdings
of CDIs into holdings of Shares that can be traded directly on
Euronext Amsterdam. Shareholders who hold CDIs through the
Corporate Sponsored Nominee service ("CSN") are advised that the
CSN will continue to operate and be administered by Equiniti
Financial Services Limited, who will provide an update in their
next quarterly statement.
As the Company is assigned to the
equity shares international commercial companies secondary listing
category of the Official List of the FCA, no shareholder approval
is required for the LSE Delisting.
Just Eat Takeaway.com
Jitse Groen, CEO
Mayte Oosterveld, CFO
Joerg Gerbig, COO
Andrew Kenny, CCO
Investors:
Joris Wilton
E: IR@justeattakeaway.com
Media:
E: press@justeattakeaway.com
For more information, please visit
our corporate website: https://www.justeattakeaway.com/
Important notice
This announcement is not intended
to, and does not, constitute or form part of any offer, invitation
or the solicitation of an offer to purchase, otherwise acquire,
subscribe for, sell or otherwise dispose of, any securities whether
pursuant to this announcement or otherwise.
About Just Eat Takeaway.com
Just Eat Takeaway.com (LSE: JET,
AMS: TKWY) is one of the world's leading global online food
delivery companies.
Headquartered in Amsterdam, the
Company is focused on connecting consumers and partners through its
platforms. With 731,000 connected partners, Just Eat Takeaway.com
offers consumers a wide variety of choices from restaurants to
retail.
Just Eat Takeaway.com has rapidly
grown to become a leading online food delivery marketplace with
operations in Australia, Austria, Belgium, Bulgaria, Canada,
Denmark, France, Germany, Ireland, Israel, Italy, Luxembourg,
Poland, Slovakia, Spain, Switzerland, the Netherlands, the United
Kingdom and the United States.
Most recent information is available
on our corporate website and follow us on
LinkedIn and
X.
Disclaimer
Statements included in this press
release that are not historical facts (including any statements
concerning investment objectives, other plans and objectives of
management for future operations or economic performance, or
assumptions or forecasts related thereto) are, or may be deemed to
be, forward-looking statements, including "forward-looking
statements". These forward-looking statements may be identified by
the use of forward-looking terminology, including the terms
"anticipates", "expects", "intends", "may", or "will" or, in each
case, their negative or other variations or comparable terminology,
or, by discussions of strategy, plans, objectives, goals, future
events or intentions. Forward-looking statements may and often do
differ materially from actual results. Any forward-looking
statements reflect the Company's current view with respect to
future events and are subject to risks relating to future events
and other risks, uncertainties and assumptions relating to the
Company's business, results of operations, financial position,
liquidity, prospects, growth or strategies. Past performance is no
guide to future performance and persons needing advice should
consult an independent financial adviser. Forward-looking
statements reflect knowledge and information available at, and
speak only as of, the date they are made, and the Company expressly
disclaims any obligation or undertaking to update, review or revise
any forward-looking statement contained in this press release.
Readers are cautioned not to place undue reliance on such
forward-looking statements.