24th Mar 2016 07:33
LONDON (Alliance News) - Smurfit Kappa Group PLC on Thursday said it will transfer to a premium listing in London, which would make the Irish corrugated packaging company eligible to join the FTSE 100 index.
Smurfit said it has proposed transferring the listing category of its ordinary, London-listed shares from a standard to a premium listing on April 25 and, at the same time, change the category of its Ireland-listed shares to a standard from a premium listing.
Smurfit said the move follows the review of its London listing Smurfit that took earlier this year, and the change in the denomination of its shares in London to sterling from euros.
Smurfit's market capitalisation is around GBP4.1 billion, which would leave it set to join the FTSE 100 when the next quarterly review of the indices occurs in June.
By Sam Unsted; [email protected]; @SamUAtAlliance
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