Just Eat to be admitted to premium listing segment on Tuesday
On 30 April 2014, JUST EAT plc announced the proposed transfer of admission of its ordinary shares from the High Growth Segment of the Main Market to a premium listing on the Financial Conduct Authority’s Official List.
It is expected that 569,900,092 ordinary shares of £0.01 comprising 564,438,674 ordinary shares (being the entire issued share capital of the Company with voting rights), 2,707,830 ordinary shares (being the block listing of ordinary shares under the Company’s Enterprise Management Incentive Scheme) and 2,753,588 ordinary shares (being the block listing of ordinary shares under the Company Share Option Plan) will be admitted to the premium listing segment of the Official List at 8:00am on Tuesday, 6 May.
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It is unclear whether this counts as a success or a failure for the London Stock Exchange. Just Eat floated at the start of April at an offer price of 260p on the market’s High Growth Segment.
Just Eat, says orders in the three months to the end of 2014 rose 51% compared with the same period last year. Customers turned to the service during wet winter weather, the chief executive says.