UK investors are increasingly turning their attention to shares listed in the US and beyond. Cris Sholto Heaton looks at five common questions about trading on overseas markets.
Former European head Urs Jordi now chairs the Aryzta board
European bakery business Aryzta plans to do away with its dual-listing structure by removing the company s shares from the Euronext exchange in Dublin.
Zurich-based Aryzta, which announced last month it plans to exit the North and Latin American markets to focus on Europe and Asia, said the board of directors have opted to cancel the secondary listing on Euronext because fewer than 4% of the shares outstanding are listed on the bourse.
The shares are traded as Crest Depository Interests (CDI), a security that represents a stock trading on an exchange outside of the UK and Ireland, or in Aryzta s case, outside of the Six Swiss Exchange, the country s main share platform where the bakery company has a primary listing.