ABN AMRO is withdrawing the listing of its ordinary shares from a number of foreign stock exchanges. The shares will no longer be quoted on the London, Frankfurt, Hamburg, Dusseldorf, Zurich and Singapore exchanges. The withdrawal of the latter listing required the approval of shareholders, which was granted at an Extraordinary General Meeting of Shareholders.
The bank says it found that the costs and requirements of these listings outweighed the benefits. The shares will continue to be listed on the Euronext (Amsterdam, Brussels and Paris) and New York exchanges. The introduction of new trading products by the London (Eurosets) and Frankfurt (Xetra European Stars) exchanges means that it will still be possible to trade ABN AMRO shares in the UK and Germany.