It was no longer worth it, the company says
Signet Jewelers is voluntarily delisting its shares from the London Stock Exchange (LSE).
The company’s shares are currently listed on the New York Stock Exchange (NYSE) and the LSE. Signet will continue to have its shares listed on the NYSE.
According to a statement, less than 1 percent of Signet’s annual trading volume is executed on the LSE. The benefit of listing on the LSE is outweighed by the monetary expense, regulatory burdens, and time spent on LSE-driven activity, it said.
Shares will continue to be traded on the LSE until March 11, and the cancellation will take effect on March 14.