Just Eat Takeaway.com files for deregistration from SEC in U.S.

Just Eat Takeaway.com N.V. announced Monday that it will file for deregistration of its securities under the Securities and Exchange Act of 1934. Deregistration of its securities from the SEC will reduce reporting costs and complexity, the company said in a statement. Deregistration is expected to become effective 90 days after the filing of the Form 15F. "The company’s main considerations for the deregistration are the low trading volumes of the company’s securities in the United States. In addition, the costs and expenses associated with being registered under the Exchange Act, the auditing, legal and other costs associated with continuing to make SEC filings, and the burdens placed on company management to comply with the continued reporting requirements in the United States are significant and are not considered to be offset by the benefits from having its securities registered under the Exchange Act." Reference Link