Bank of Ireland proposes London delisting amid thin trading volumes

Fri, 17th Apr 2026 07:57

(Alliance News) - Bank of Ireland Group PLC on Thursday proposed exiting London, deeming its listing "no longer in the interests of the company".

The Dublin-based lender said trading of its shares on the LSE "has been negligible relative to overall trading in the company's shares". It is also listed on the Irish Stock Exchange.

"Accordingly, the board has resolved to propose the cancellation of the company's listing of ordinary shares on the Official List of the UK Financial Conduct Authority and the cancellation of its admission to trading on the Main Market of the LSE," it said.

Shareholders are to vote on the proposal. The lender hosts an annual general meeting on May 21.

"The resolution will be proposed as a special resolution to approve the proposed UK delisting and to authorise the directors to take all necessary or desirable steps to implement the proposed UK delisting," Bank of Ireland added.

The London market has seen in exodus in recent years, with some shifting their primary listings and others opting for a full exit.

Among those exiting is CRH PLC, with the building materials firm's last day of trading in London occurring on Friday, before the delisting becomes effective on Monday.

A stock market exit for Bank of Ireland peer Permanent TSB Group Holdings PLC looms. The lender on Tuesday said it agreed to a EUR1.62 billion takeover from Austria's Bawag Group AG.

By Eric Cunha, Alliance News news editor

Comments and questions to newsroom@alliancenews.com

Corporate News Finance and Instruments Banking