Shareholders in Linde plc (Linde) have approved a company proposal that will result in the delisting of its ordinary shares from the Frankfurt Stock Exchange.
The decision follows an announcement made by the company’s Board of Directors last October (2022) to put forward a proposal for shareholders to vote on an ‘intercompany reorganisation’ that would result in the delisting of Linde shares from the exchange.
Read more:Linde delisting proposal sends shockwaves through Frankfurt
Linde stated that the delisting is the result of the company’s shares becoming ‘negatively impacted’ by various factors associated with the stock being dual listed in the United States and Germany.
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