Source - LSE Regulatory
RNS Number : 4689L
Just Eat N.V.
12 January 2021




 12 January 2021



Review of Listing Venues


Just Eat N.V. ("Just Eat") is providing a further update in relation to the post-offer statements of intent made at the time of its offer for Just Eat plc pursuant to Rules 2.7(c)(iv) and 24.2 of the Code (the "Stated Intentions"). The Stated Intentions were as set out in the announcement made by Just Eat (then named N.V.) on 5 August 2019, in the offer document published by Just Eat on 20 November 2019 and 20 December 2019 and as subsequently updated in the announcement made by Just Eat on 31 January 2020 pursuant to Rule 19.6(b) of the Code.

The Stated Intentions included a statement that Just Eat intended to apply for the delisting of its shares from Euronext Amsterdam, such delisting to become effective as soon as possible under applicable Dutch law and the rules, regulations and announcements of Euronext Amsterdam. The delisting was envisaged to occur, subject to review by Euronext Amsterdam, on or around the date that is 20 trading days after 3 February 2021, being the date 12 months after the listing and admission to trading of Just Eat's shares on the Premium Segment of the London Stock Exchange's Main Market for listed securities.

On 10 June 2020, Just Eat announced that it had agreed to acquire Grubhub Inc. ("Grubhub") in an all-share transaction currently expected to complete in the first half of 2021, subject to a vote of Grubhub shareholders and to other conditions. Under the rules of the U.S. Securities and Exchange Commission, Just Eat is required to register and list in the U.S. the shares being offered to Grubhub shareholders.

In light of the enlarged and more globalised investor base that Just Eat will have following completion of the Grubhub acquisition, and in the interests of both Just Eat and its shareholders, Just Eat now intends to take a period of time in which to determine the optimal listing venues for its long term future. As part of this assessment, Just Eat will consider, amongst other things, liquidity and trading volumes across the listings it will have in Amsterdam, London and New York, which will take time to find a natural home following a material acquisition such as Grubhub.

Just Eat intends to delay any decision on the structure of its listing venues whilst it completes its review. This is in order to minimise disruption for its shareholders. It therefore no longer intends to delist its shares from Euronext Amsterdam as soon as possible and it will remain listed at both the London Stock Exchange and Euronext Amsterdam until otherwise decided.

Following discussions with FTSE Russell, Just Eat expects that its assigned nationality will be reviewed in the semi-annual review to be announced in August 2021.


Just Eat

Joris Wilton
T: +31 6 143 154 79



For more information please visit our corporate website:


About Just Eat N.V.

Just Eat (LSE: JET, AMS: TKWY) is a leading global online food delivery marketplace outside China. Headquartered in Amsterdam, the Company is focused on connecting consumers and restaurants through its platforms. With over 205,000 connected restaurants, Just Eat offers consumers a wide variety of food choice. Just Eat mainly collaborates with delivery restaurants. In addition, Just Eat provides its proprietary restaurant delivery services for restaurants that do not deliver themselves. The combination of Just Eat and has rapidly grown to become a leading online food delivery marketplace with operations in the United Kingdom, Germany, the Netherlands, Canada, Australia, Austria, Belgium, Bulgaria, Denmark, France, Ireland, Israel, Italy, Luxembourg, New Zealand, Norway, Poland, Portugal, Romania, Spain and Switzerland, as well as through partnerships in Colombia and Brazil.



This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account.