Waterford Wedgwood this week ceased trading on the London Stock Exchange.
Admission of the Company’s Stock Units to the Official List of the UK Listing Authority has been cancelled, at the Company’s request. The Company’s intention to apply for such cancellation was set out in an announcement made by the Company on 17 November 2008.
As Waterford Wedgwood continues to retain its primary listing on the Irish Stock Exchange, a company spokesperson said the London de-listing would have
negligible effect on shareholders.
Waterford will continue to have its
primary listing on the Irish Stock Exchange.
The company was granted a one-week reprieve by lenders until December 19th for forbearance on a review of its banking covenants after it failed to make an €8.2 million bond payment over a fortnight ago. In a statement last week Waterford said it was in ongoing discussions “with an interested institutional investor”.
The company’s shares have fallen 95 per cent over the last 12 months.