Various energy to switch its main list from London to New York

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Gas Diversified Energy is planning to switch its basic list from London to New York, becoming the latest in a growing group of companies to cancel the exchange of the stock exchange in the UK.

FTSE 250 Driller said on Wednesday that the United States was a “natural” place for the company due to the presence of all its assets and employees and its operating headquarters in America. It also reports in US dollars and about two -thirds of their distinguished shares kept by the American population.

diversity He also cited access to “high -quality stock investors” and “deep American capital markets”. American investors may also have a greater appetite for oil and gas shares, although the company has not provided this as a reason.

“The Board of Directors evaluated the optimal status of the company,” he said in a statement. “Moving to the American initial list (…) is in the interest of its shareholders.” You will keep a secondary list in the UK. It has had an additional stock list in the United States since December 2023.

Her shares were widely flat in trading in London and New York on Wednesday.

The company, which runs gas wells in areas such as Oklahoma West Virginia and achieved revenues of approximately $ 778 million in the six months until the end of June, She floats in the Junior market in London In February 2017 he joined the main market in London in 2020.

Rusty Hutson, co -founder and CEO, said in 2020 the beginners market was a “perfect starting point”.

However, the shares of the company have decreased by 60 percent over the past five years, giving them a current market capitalist of 802 million pounds.

The decision to transfer its basic list to the United States comes in the middle Anxiety over the city’s role as a financial center Looking at the scarcity of subscriptions, subscriptions and many companies that are transferred to the United States.

The Flute Games collection replaced its basic list to the United States in 2024, while Fintech Wise agreed to a plan to do the same.

Astrazneca, the largest in Britain, said earlier this week that it had planned List her shares directly On the New York Stock Exchange, to replace US deposit receipts, to help “expand the group of investors in Astrazeneca”. You will keep a preliminary list in the UK.

Diversified plans are subject to the transfer of its list to the shareholders in a meeting scheduled for the coming weeks.