Kingspan to Give Up London Listing, Focus on Dublin, Shareholders to Decide, Reports Q1 Sales Jump

Kingspan, the Irish insulation giant, has announced plans to give up its listing on the London Stock Exchange and focus on its primary listing on the Euronext Dublin exchange. The company reported a 4% jump in group sales in Q1 2021 and expects half-year profits to exceed €400m, ahead of analysts’ forecasts. The move contrasts with the trend of companies moving away from Dublin’s exchange, and reverses the recent exodus of listings from London. Kingspan’s primary listing on Euronext Dublin reflects the majority of its share trading. The delisting from the LSE is pending shareholder approval which will be updated in the coming weeks.