ARYZTA Changes Listing Arrangements
After careful review, the Board of ARYZTA, the global food business with a leadership position in speciality bakery, has made the decision to cancel group’s secondary listing on Euronext Dublin. ARYZTA’s secondary listing on Euronext Dublin comprises CREST Depository Interests (CDI) which are directly linked to an underlying ARYZTA share held by Crest on behalf of the CDI owner. A CDI is a security that represents a stock traded on an exchange outside the UK & Ireland, in this case the SIX Swiss Exchange, which is ARYZTA’s primary listing.
As part of the decision process around the listing, the Board has also taken into account:
* The continued evolution of ARYZTA’s shareholder base, with less than 4% of the shares outstanding now being listed on the Euronext in the form of CDI’s;
* The resultant low liquidity in the Irish listing versus the primary SIX Swiss Exchange listing;
* The benefits of having a single compliance and regulatory body; and
* The overall Board objective to simplify the group and reduce central costs.
The changes will not have any impact on the operations of ARYZTA. Based in Schlieren, Switzerland, ARYZTA has operations in North America, South America, Europe, Asia, Australia and New Zealand.
