other
confidence high
sentiment neutral
materiality 0.65
Linde proposes delisting from Frankfurt Stock Exchange via reorganization
LINDE PLC
- Board approved proposal for shareholder vote on reorganization to delist from Frankfurt Stock Exchange.
- If approved, new holding company created via Irish scheme of arrangement; shareholders get one new share per existing share.
- New holding company will list solely on NYSE under existing ticker LIN; CEO cites European restrictions and complexity.
- Conference call scheduled for Oct 26, 2022 at 10:00 AM ET to provide details on delisting process.
- No impact on operations, employees, or customers; Germany remains an important market.