Samsung Electronics Announces Approval and Publication of Prospectus for London Listing
Why we think this is neutral
This RNS appears to be a routine regulatory announcement regarding the listing of Samsung Electronics' global depositary receipts on the London Stock Exchange. It does not contain any material information that would significantly impact the company's prospects or share price.
Key Points
- Prospectus approved by FCA for listing of Samsung's GDRs on London Stock Exchange
- GDRs to be delisted from Luxembourg Stock Exchange concurrent with London listing
Summary
Samsung Electronics Co., Ltd. has announced that a prospectus dated today has been approved by the Financial Conduct Authority (FCA) in connection with the admission of the company's global depositary receipts (GDRs) representing its non-voting preference shares to the official list and to trading on the London Stock Exchange's main market. The GDRs are expected to be delisted from the official list of the Luxembourg Stock Exchange and withdrawn from trading on the regulated market of the Luxembourg Stock Exchange, concurrent with the Admission on the London Stock Exchange.