HAMILTON, Bermuda--(BUSINESS WIRE)--Signet Jewelers Limited (“Signet”) (NYSE and LSE: SIG), the world's largest retailer of diamond jewelry, today announced that it filed a voluntary application with the United Kingdom’s Financial Conduct Authority to delist its common shares from the London Stock Exchange (“LSE”). Signet’s common stock is currently listed on the New York Stock Exchange (“NYSE”) and the LSE.
Signet took this action because less than 1% of its annual trading volume is executed on the LSE. As a result, the benefit of LSE listing is outweighed by the monetary expense, regulatory burdens, and time spent on LSE-driven activity.
Shares will continue to be traded on the LSE until March 11, 2016 and cancellation from trading will take effect 08.00 GMT on March 14, 2016.
Signet will continue to have its Common Shares listed on the NYSE.
Signet Jewelers Limited is the world's largest retailer of diamond jewelry. Signet operates approximately 3,600 stores primarily under the name brands of Kay Jewelers, Zales, Jared The Galleria Of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda. Further information on Signet is available at www.signetjewelers.com. See also www.kay.com, www.zales.com, www.jared.com, www.hsamuel.co.uk, www.ernestjones.co.uk, www.peoplesjewellers.com and www.pagoda.com.