Horny Consume Takeaway said it used to be delisting its shares from the London Stock Exchange as a result of the “low liquidity and procuring and selling volumes” of its shares on the alternate.

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Horny Consume Takeaway will delist from the London Stock Exchange subsequent month, in a blow to the U.K.’s ambitions to entice more excessive-issue tech corporations to its stock market.

After winding up a review of optimal list venues, the Anglo-Dutch food shipping firm said Wednesday that it intends to delist from London’s stock alternate, making Amsterdam Horny Consume Takeaway.com’s sole procuring and selling venue.

Explaining its choice, Horny Consume Takeaway said it used to be delisting its shares from the LSE in a explain to “reduce the administrative burden, complexity and costs related to the disclosure and regulatory requirements of retaining the LSE list, and within the context of low liquidity and procuring and selling volumes.”

Horny Consume Takeaway shares slipped 1.5% following the delisting announcement.

It has requested that the LSE and the Monetary Conduct Authority, the U.K.’s markets watchdog, abolish its list, so that it’s miles going to remain primarily listed on the Amsterdam alternate.

The delisting will change into effective from 8 a.m London time on Dec. 27, while Dec. 24 will mark the deadline of procuring and selling of Horny Consume Takeaway’s shares on the LSE.

Earlier this month, Horny Consume Takeaway.com said it would possibly perhaps maybe promote its GrubHub arm to Original York-primarily based online takeout startup Surprise for $650 million — a big bargain compared with the $7.3 billion the firm paid for the U.S. food shipping app.