Ryanair leaves the London Stock Exchange for Brexit |Transportation

The Irish low cost, which will now only quote in Dublin, has reported that its last day in the most important British parquet will be next December 17.

"As indicated in our provisional results, and after the subsequent participation of the shareholders, Ryanair has decidedLondon Stock Exchange does not justify the costs related to said contribution and admission to negotiation, and to consolidate commercial liquidity in a regulated market for the benefit of all shareholders ".

Ryanair reported that he has already made the formal notification to the United Kingdom's financial behavior authority and that it would be officially eliminated from the list at 8 a.m..m.December 20.Earlier this year, Ryanair said that the removal of quoting in London was "consistent with a general trend of negotiation of companies of the European Union after Brexit".

The airline said that, on the other hand, it also has to do was a "potentially more serious" problem because the EU standards demand that the airlines be the majority property of EU citizens.Ryanair has its main price in Dublin, Ireland, and previously made some investors in the United Kingdom sell shares this year to comply with the rules.

"After the cancellation of the price in London, the company will continue to quote in the regulated market of Euronext Dublin, which offers shareholders the highest standard of protection, including compliance with the United Kingdom Corporate Governance Code," added the airline.

Michael O'Leary, the CEO of the Ryanair Group, has affirmed that the measure was, unfortunately, "an inevitable consequence of Brexit".He explained that, although the EU and the United Kingdom reached agreements that assured that flights could continue uninterruptedly, the United Kingdom could not ensure amendments to foreign property rules.

In this sense, the airlines that did not retain belong to the EU cannot operate flights among other European countries, and although Ryanair is based in the EU, 45% of their shares are in the United States, which forced to have to have to have to have todissuade other investors, according to The Guardian.