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Edita Food Industries to delist GDRs from London Stock Exchange

Published 30/07/2025, 15:06
Edita Food Industries to delist GDRs from London Stock Exchange
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CAIRO - Edita Food Industries (EGX:EFID) S.A.E. announced Wednesday its decision to delist its Global Depositary Receipts (GDRs) from the London Stock Exchange (LON:LSEG) (LSE) and terminate its Deposit Agreement with The Bank of New York Mellon (NYSE:BK).

The delisting will become effective on September 19, 2025, with the last trading day set for September 18, according to a company statement based on a press release.

The Egyptian food manufacturer’s board approved the delisting on July 20, citing consistently low trading volumes of its GDRs on the LSE, which has limited opportunities for investors to trade in meaningful quantities. The company also pointed to the significant regulatory and administrative burdens, along with substantial costs associated with maintaining the listing.

Prior to the termination date, GDR holders may cancel their receipts and receive the underlying shares. For any GDRs remaining outstanding after September 19, the Depositary will sell the underlying shares and distribute net proceeds to the holders.

Following the delisting, it will no longer be possible to trade Edita’s GDRs on the LSE. The company has advised GDR holders to consult their investment advisors regarding actions they can take with their holdings.

Edita Food Industries is providing the required 20 business days’ notice of the intended delisting in accordance with UK Listing Rule 21.2.17R.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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