Greencore is to remove itself from the Dublin Stock Exchange next month as it seeks a listing on the FTSE UK Series.
The food company said its business profile had changed and that the majority of turnover, operating profits and shareholders were now generated or located in the UK.
“Greencore's board believes that FTSE UK index inclusion would result in a further increase in UK and international investor awareness of Greencore,” the company said in a statement to the Irish Stock Exchange this morning.
Greencore is seeking to cease its Dublin listing on January 20th and said that, from that point, its ordinary shares listed on the London Stock Exchange would trade in sterling rather than in euro.
“Greencore would expect to be included in the FTSE All-Share and the FTSE Small-Cap Indices from the start of business on March 19th, 2012,” the statement added.
Shares in Greencore were trading at 61.8 cent at 11.40am, down 6.3 per cent for the session.
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