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Glenco is considering emptying its initial list in the UK on behalf of New York or any other venue, where it can get a “proper evaluation” in the possible push of the London Stock Exchange, which has been damaged by a string of high profile.
Chief Executive Gary Nagal says the company is evaluating other exchanges “more suitable for trading our securities”.
“We want to make sure that our security is in the correct exchange transactions, where we can get the right assessment,” he said in a call on Wednesday morning. “If there is a better one and they include the preferences of the New York Stock Exchange, we need to consider it.”
A departure of the FTSE 100 company will be a push for the London Stock Exchange, which has been damaged by multiple departments of the resource company complaining of short evaluation.
This is a developing story.
