February 14, 2024

Melanie Wadsworth Quoted in CNBC About Company Delisting From the London Stock Exchange

CNBC reported that tourism company TUI’s decided to delist from the main market of the London Stock Exchange (LSE), marking another departure following a series of takeovers and de-listings in the previous year. The publication turned to London corporate partner Melanie Wadsworth for her insight on the news.

Wadsworth expressed disappointment over this trend but emphasized the need to evaluate TUI’s decision within its unique context. “It is very disappointing to see another company leave the Main Market of the LSE,” she said.

“I can understand the rationale behind this proposal, given that TUI’s headquarters is in Germany and only approximately 22% of its trading in 2023 took place via the U.K. market. I would therefore hope this decision is driven by factors specific to TUI, rather than being indicative of a trend,” noted Wadsworth.

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